What is Northern Oil and Gas, Inc.'s Shariah compliance score?

Northern Oil and Gas, Inc.'s (NOG) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Northern Oil and Gas, Inc. pass AAOIFI screening?

Northern Oil and Gas, Inc. (NOG) 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% (NOG: 103.9%), (3) interest-bearing deposits below 30% (NOG: 0.6%), and (4) prohibited income below 5% (NOG: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Northern Oil and Gas, Inc. stock?

Northern Oil and Gas, Inc. (NOG) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NOG shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Northern Oil and Gas, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Northern Oil and Gas, Inc. (NOG) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about NOG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NOG: Is Northern Oil and Gas, Inc. Halal?

Northern Oil and Gas, Inc.

NYSEEnergyUS

$19.17

-2.89%

Market Cap: 2.1B

Compliance Status

Not Halal

Screened on Jul 20, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Northern Oil and Gas, Inc. (NOG) halal? Not Halal. Based on AAOIFI screening, Northern Oil and Gas, Inc. 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

Over the limit

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

103.9% of 30.0% limit

What this means for you

Most scholars advise not holding NOG

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Northern Oil and Gas, Inc.

Northern Oil and Gas, Inc. operates as an independent energy enterprise within the United States. The company's core business revolves around the entire lifecycle of crude oil and natural gas properties, from their acquisition and exploration to their development and eventual production. Its primary operations are concentrated in significant U.S. shale plays, namely the Williston, Appalachian, and Permian Basins. As of December 31, 2021, Northern Oil and Gas held active stakes in 7,436 total producing wells and reported proved reserves totaling 287,682 million barrels of oil equivalent (BOE). The company is headquartered in Minnetonka, Minnesota.

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

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 2026

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: Q1 2026Data source: EDGAR

Halal Alternatives in Energy

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

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Propel Global Bhd

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Trive Property Group Bhd

$0.02

+0.00%

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BM Greentech Bhd

$1.87

+0.01%

0193.KLA+

Kinergy Advancement Bhd

$0.39

+0.00%

0215.KLA+

Solarvest Holdings Bhd

$2.98

-0.01%

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Frequently Asked Questions

Is Northern Oil and Gas, Inc. (NOG) halal to invest in?

Northern Oil and Gas, Inc. (NOG) 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 Northern Oil and Gas, Inc. get a F compliance rating?

Northern Oil and Gas, Inc. (NOG) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 103.9% (limit 30%); interest-bearing deposits of 0.6% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Northern Oil and Gas, Inc.'s Shariah verdict?

Northern Oil and Gas, Inc.'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 Northern Oil and Gas, Inc. re-screened for Shariah compliance?

Northern Oil and Gas, Inc. (NOG) 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: Jul 20, 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.