VAALCO Energy, Inc.

EGY: Is VAALCO Energy, Inc. Halal?

VAALCO Energy, Inc.

NYSEEnergyUS

$4.93

-1.60%

Market Cap: 514.0M

Compliance Status

Halal

Screened on Jul 20, 2026 · AAOIFI Standard 21

B+

Good

72Score

Is VAALCO Energy, Inc. (EGY) halal? Halal. Based on AAOIFI screening, VAALCO Energy, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 72/100 (Grade: B+).

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

23.2% of 30.0% limit

What this means for you

You can own EGY

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

No purification owed

Based on the latest screening, none of its income comes from prohibited sources.

About VAALCO Energy, Inc.

VAALCO Energy, an independent oil and gas enterprise, focuses on the acquisition, exploration, development, and extraction of crude oil and natural gas resources. Its primary asset is the Etame production sharing contract, covering the offshore Etame Marin block situated off the coast of Gabon in West Africa. Furthermore, the company maintains stakes in an unexploited offshore block within Equatorial Guinea, also located in West Africa. Established in 1985, VAALCO Energy, Inc. operates from its headquarters in Houston, Texas.

Sector: Energy · Industry: Oil & Gas Exploration & Production

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 2026

Compliance History

  1. Halalnow

    since Jun 2026

  2. Not Halal

    until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP
Free · No credit card required

Track EGY and 10,000+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is VAALCO Energy, Inc. (EGY) halal to invest in?
Based on AAOIFI Standard 21 screening, VAALCO Energy, Inc. (EGY) is rated Halal with a compliance grade of B+ (Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did VAALCO Energy, Inc. get a B+ compliance rating?
VAALCO Energy, Inc. (EGY) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 23.2% (limit 30%); interest-bearing deposits of 10.7% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change VAALCO Energy, Inc.'s Shariah verdict?
VAALCO Energy, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is VAALCO Energy, Inc. re-screened for Shariah compliance?
VAALCO Energy, Inc. (EGY) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 20, 2026.

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.