What is Hallador Energy Company's Shariah compliance score?

Hallador Energy Company (HNRG) has a Shariah compliance score of 88/100 (Grade: A, Very Good). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Hallador Energy Company pass AAOIFI screening?

Hallador Energy Company (HNRG) passes AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HNRG's debt-to-market-cap is 7.8%.

How much purification is needed for Hallador Energy Company?

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 percentage and amount for Hallador Energy Company (HNRG) using the latest financial data.

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

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Hallador Energy Company (HNRG) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

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Compliance Status

Halal

Screened on Oct 18, 2026 · AAOIFI Standard 21

Very Good

88Score

Is Hallador Energy Company (HNRG) halal? Halal. Based on AAOIFI screening, Hallador Energy Company passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 88/100 (Grade: A).

Quote this verdict

HalalScreener rates Hallador Energy Company (HNRG) Halal, 88/100, grade A under AAOIFI Standard 21, screened Oct 18, 2026. Source: https://halalscreener.app/en/stock/HNRG

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%.

7.8% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

You can own HNRG

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

Purification amount is Pro

We have screened HNRG's prohibited income, but the exact share you would need to purify is part of Pro.

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HNRG: Is Hallador Energy Company Halal?

Hallador Energy Company

NASDAQUtilitiesUS

$11.71

-7.87%

Market Cap: 552.0M

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About Hallador Energy Company

Hallador Energy Company focuses on extracting steam coal from its operations within Indiana, primarily supplying this fuel to the electric power generation sector. The company's mining assets include the subterranean Oaktown Mine 1 and Oaktown Mine 2, both situated in Oaktown, Indiana, alongside the Ace in the Hole mine, located near Clay City, Indiana. In addition to its coal activities, Hallador Energy also conducts natural gas exploration throughout Indiana. The firm was established in 1949 and its corporate headquarters are located in Terre Haute, Indiana.

Sector: Utilities · Industry: Independent Power Producers

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 18, 2026

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The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

Compliance History

Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR

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Frequently Asked Questions

Is Hallador Energy Company (HNRG) halal to invest in?

Based on AAOIFI Standard 21 screening, Hallador Energy Company (HNRG) is rated Halal with a compliance grade of A (Very 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 Hallador Energy Company get a A compliance rating?

Hallador Energy Company (HNRG) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 7.8% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Hallador Energy Company's Shariah verdict?

Hallador 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 Hallador Energy Company re-screened for Shariah compliance?

Hallador Energy Company (HNRG) 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: Oct 18, 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.