Evolution Petroleum Corporation

EPM: Is Evolution Petroleum Corporation Halal?

Evolution Petroleum Corporation

AMEXEnergyUS

$3.72

-1.59%

Market Cap: 133.1M

Compliance Status

Doubtful

Screened on Aug 12, 2026 · AAOIFI Standard 21

B+

Good

75Score

Is Evolution Petroleum Corporation (EPM) halal? Doubtful. Based on AAOIFI screening, Evolution Petroleum Corporation passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 75/100 (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%.

28.3% of 30.0% limit

What this means for you

You may own EPM, 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 EPM's prohibited income, but the exact share you would need to purify is part of Pro.

See what I owe (free for 7 days)

About Evolution Petroleum Corporation

Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, exploitation, and investment of onshore oil and gas properties in the United States. The company was founded in 2003 and is based in Houston, Texas.

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

Why This Stock Is Doubtful

  • Debt is 28.3% of market cap, only 1.7 points below the 30% AAOIFI 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

AAOIFI Standard 21Updated Aug 12, 2026

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.

Fiscal: Q3 2026Data source: FMP
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Frequently Asked Questions

Is Evolution Petroleum Corporation (EPM) halal to invest in?
Evolution Petroleum Corporation (EPM) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.
Why did Evolution Petroleum Corporation get a B+ compliance rating?
Evolution Petroleum Corporation (EPM) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 28.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Evolution Petroleum Corporation's Shariah verdict?
Evolution Petroleum Corporation'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 Evolution Petroleum Corporation re-screened for Shariah compliance?
Evolution Petroleum Corporation (EPM) 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: Aug 12, 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.