MTDRNot HalalF
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Compliance Status

Not Halal

Screened on Oct 14, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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HalalScreener rates Matador Resources Company (MTDR) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 14, 2026. Source: https://halalscreener.app/en/stock/MTDR

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

60.8% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding MTDR

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Matador Resources Company

MTDR: Is Matador Resources Company Halal?

Matador Resources Company

NYSEEnergyUS

$57.52

Market Cap: 7.1B

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About Matador Resources Company

Matador Resources Company operates as an independent energy firm, primarily engaged in the identification, development, extraction, and acquisition of crude oil and natural gas reserves throughout the United States. Its business operations are structured into two distinct divisions: Exploration and Production, and Midstream. The company's key asset holdings are concentrated in the Wolfcamp and Bone Spring formations within the Delaware Basin, which spans southeastern New Mexico and West Texas. Additionally, Matador maintains active operations in South Texas's Eagle Ford shale play, as well as the Haynesville shale and Cotton Valley plays located in Northwest Louisiana. To support its core upstream activities, Matador also manages midstream operations. These services include natural gas processing, crude oil transportation, and the gathering of oil, natural gas, and produced water. Furthermore, the company extends produced water disposal and other gathering services to external clients. As of December 31, 2021, Matador Resources reported estimated total proved oil and natural gas reserves amounting to 323.4 million barrels of oil equivalent. This total was comprised of 181.3 million stock tank barrels of oil and 852.5 billion cubic feet of natural gas. Originally incorporated as Matador Holdco, Inc., the company officially adopted its current name, Matador Resources Company, in August 2011. Established in 2003, Matador Resources Company maintains its corporate headquarters in Dallas, Texas.

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

Why this does not pass

  • Interest-bearing debt is 60.8% of market cap, over the 30% AAOIFI limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 14, 2026

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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Energy

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Frequently Asked Questions

Is Matador Resources Company (MTDR) halal to invest in?
Matador Resources Company (MTDR) 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 Matador Resources Company get a F compliance rating?
Matador Resources Company (MTDR) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 60.8% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Matador Resources Company's Shariah verdict?
Matador Resources 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 Matador Resources Company re-screened for Shariah compliance?
Matador Resources Company (MTDR) 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 14, 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.