What is Fervo Energy Company's Shariah compliance score?

Fervo Energy Company's (FRVO) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Fervo Energy Company pass AAOIFI screening?

Fervo Energy Company (FRVO) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (FRVO: 4.4%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Fervo Energy Company stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Fervo Energy Company (FRVO) using the latest financial data.

Where can I screen Fervo Energy Company for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Fervo Energy Company (FRVO) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about FRVO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

FRVO: Is Fervo Energy Company Halal?

Fervo Energy Company

NASDAQUtilitiesUS

$19.76

-2.76%

Market Cap: 5.7B

Compliance Status

Not Halal

Screened on Aug 16, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Fervo Energy Company (FRVO) halal? Not Halal. Based on AAOIFI screening, Fervo Energy Company passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

4.4% of 30.0% limit

What this means for you

Most scholars advise not holding FRVO

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Fervo Energy Company

Fervo Energy Company, a geothermal energy developer, builds, owns, and operates geothermal power facilities. The company's product incorporates horizontal drilling and distributed fiber optic sensing that increase the productivity and lifetime of geothermal wells. The company employs precision directional drilling technology to drill horizontally in geothermal reservoirs and develops a data analytics algorithm that enables the identification of existing resources and optimizes flow distribution through the reservoir for heat mining efficiency. The company was incorporated in 2017 and is based in Houston, Texas, with an additional location in Berkeley, California.

Sector: Utilities · Industry: Renewable Utilities

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 16, 2026

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Utilities

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

0011.KLA+

Brite-Tech Bhd

$0.26

-0.02%

3069.KLA+

Mega First Corporation Bhd

$2.85

-0.00%

5041.KLA+

PBA Holdings Bhd

$2.29

+0.05%

5209.KLA+

Gas Malaysia Bhd

$5.04

+0.00%

5264.KLA+

Malakoff Corporation Bhd

$0.84

-0.01%

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American Electric Power Company, Inc.

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Free · No credit card required

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Frequently Asked Questions

Is Fervo Energy Company (FRVO) halal to invest in?

Fervo Energy Company (FRVO) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Fervo Energy Company get a F compliance rating?

Fervo Energy Company (FRVO) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 4.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Fervo Energy Company's Shariah verdict?

Fervo Energy Company'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 Fervo Energy Company re-screened for Shariah compliance?

Fervo Energy Company (FRVO) 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 16, 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.