
AGIG: Is Abundia Global Impact Group Inc. Halal?
Abundia Global Impact Group Inc.
$0.93
-5.10%
Market Cap: 40.9M
Compliance Status
Doubtful
Screened on Aug 26, 2026 · AAOIFI Standard 21
Borderline
Is Abundia Global Impact Group Inc. (AGIG) halal? Doubtful. Based on AAOIFI screening, Abundia Global Impact Group Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 37/100 (Grade: C-).
Business activity
What the company sells is permissible.
Company debt
Close to the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
What this means for you
You may own AGIG, with caution
Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.
Purification amount is Pro
We have screened AGIG's prohibited income, but the exact share you would need to purify is part of Pro.
About Abundia Global Impact Group Inc.
Abundia Global Impact Group Inc. functions as an independent energy firm, specializing in the exploration, development, and extraction of natural gas, crude oil, and condensate. Its operations span both the United States, notably the Texas Permian Basin and the onshore Gulf Coast areas of Texas and Louisiana, and Colombia in South America. By December 31, 2021, the company held interests in four distinct wells.
Sector: Energy · Industry: Oil & Gas Exploration & Production
Why This Stock Is Doubtful
- Debt is 27.5% of market cap, only 2.5 points below the 30% AAOIFI limit
- Interest-bearing deposits are 27.3% of market cap, only 2.7 points below the 30% limit
Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.
Shariah Compliance Status
Compliance History
Doubtful, unchanged since Aug 2026.
No status changes recorded since we began tracking.
Tracked since Aug 2026. Updates automatically on each re-screen.
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Frequently Asked Questions
Is Abundia Global Impact Group Inc. (AGIG) halal to invest in?
Why did Abundia Global Impact Group Inc. get a C- compliance rating?
What could change Abundia Global Impact Group Inc.'s Shariah verdict?
How often is Abundia Global Impact Group Inc. re-screened for Shariah compliance?
Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.
Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.