OGSNot HalalF
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Compliance Status

Not Halal

Screened on Oct 18, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is ONE Gas, Inc. (OGS) halal? Not Halal. Based on AAOIFI screening, ONE Gas, Inc. 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 ONE Gas, Inc. (OGS) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 18, 2026. Source: https://halalscreener.app/en/stock/OGS

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%.

71.4% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding OGS

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

ONE Gas, Inc.

OGS: Is ONE Gas, Inc. Halal?

ONE Gas, Inc.

NYSEUtilitiesUS

$75.60

Market Cap: 4.8B

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About ONE Gas, Inc.

ONE Gas, Inc., along with its affiliated companies, functions as a regulated natural gas utility across the United States. Its operations are structured into three distinct divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. These divisions collectively deliver natural gas distribution services to approximately 2.2 million customers spanning three states. Its diverse clientele includes residential households, commercial enterprises, and transportation sector users. Pertaining to its infrastructure, as of December 31, 2021, the company maintained an extensive network comprising roughly 41,600 miles of distribution mains and 2,400 miles of transmission pipelines. Furthermore, it possessed a substantial natural gas storage capacity of 51.4 billion cubic feet. Established in 1906, ONE Gas, Inc. maintains its corporate headquarters in Tulsa, Oklahoma.

Sector: Utilities · Industry: Regulated Gas

Why this does not pass

  • Interest-bearing debt is 71.4% 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 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

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: FMP

Halal Alternatives in Utilities

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

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Frequently Asked Questions

Is ONE Gas, Inc. (OGS) halal to invest in?
ONE Gas, Inc. (OGS) 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 ONE Gas, Inc. get a F compliance rating?
ONE Gas, Inc. (OGS) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 71.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change ONE Gas, Inc.'s Shariah verdict?
ONE 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 ONE Gas, Inc. re-screened for Shariah compliance?
ONE Gas, Inc. (OGS) 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.