
GFR: Is Greenfire Resources Ltd. Halal?
Greenfire Resources Ltd.
$6.45
-7.06%
Market Cap: 466.9M
Compliance Status
Halal
Screened on Sep 1, 2026 · AAOIFI Standard 21
Excellent
Is Greenfire Resources Ltd. (GFR) halal? Halal. Based on AAOIFI screening, Greenfire Resources Ltd. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 94/100 (Grade: A+).
Quote this verdict
HalalScreener rates Greenfire Resources Ltd. (GFR) Halal, 94/100, grade A+ under AAOIFI Standard 21, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/GFR
Business activity
What the company sells is permissible.
Company debt
Well clear of the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
What this means for you
You can own GFR
It passes both the business activity and financial ratio screens under AAOIFI Standard 21.
Purification amount is Pro
We have screened GFR's prohibited income, but the exact share you would need to purify is part of Pro.
About Greenfire Resources Ltd.
Greenfire Resources Ltd., operating through its various subsidiaries, is actively involved in the exploration, development, and management of oil and gas properties. These significant holdings are located specifically within Alberta's Athabasca oil sands region. The company is responsible for a portfolio of premier, "Tier-1" oil sands assets across Western Canada. For the extraction of bitumen, Greenfire employs Steam-Assisted Gravity Drainage (SAGD), a specialized thermal recovery technique. Its corporate headquarters are located in Calgary, Canada.
Sector: Energy · Industry: Oil & Gas Exploration & Production
Shariah Compliance Status
Compliance History
Halal, unchanged since May 2026.
No status changes recorded since we began tracking.
Tracked since May 2026. Updates automatically on each re-screen.
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Frequently Asked Questions
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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.