What is OPAL Fuels Inc.'s Shariah compliance score?

OPAL Fuels Inc. (OPAL) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). 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 OPAL Fuels Inc. pass AAOIFI screening?

OPAL Fuels Inc. (OPAL) does not pass 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%. OPAL's debt-to-market-cap is 978.6%.

How much purification is needed for OPAL Fuels Inc.?

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 OPAL Fuels Inc. (OPAL) using the latest financial data.

Where can I screen OPAL Fuels Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for OPAL Fuels Inc. (OPAL) 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.

OPALNot HalalF

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Compliance Status

Not Halal

Screened on Oct 14, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

Quote this verdict

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

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%.

978.6% 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

Most scholars advise not holding OPAL

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

OPAL: Is OPAL Fuels Inc. Halal?

OPAL Fuels Inc.

NASDAQIndustrialsUS

$1.56

Market Cap: 47.3M

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About OPAL Fuels Inc.

OPAL Fuels Inc. focuses on the creation and distribution of renewable natural gas (RNG), supplying it as an alternative vehicle fuel primarily for heavy and medium-duty commercial trucking fleets. Beyond merely providing fuel, the company also specializes in the comprehensive design, development, construction, operation, and servicing of natural gas fueling infrastructure for these fleets, thereby assisting them in transitioning away from diesel. Additionally, OPAL Fuels offers its expertise in the planning and construction of hydrogen fueling stations. The company further diversifies its operations by generating and marketing renewable electricity to utility providers. As of May 1, 2022, it managed a portfolio of 24 owned and operated biogas production facilities. Established in 1998, OPAL Fuels Inc. is headquartered in White Plains, New York.

Sector: Industrials · Industry: Engineering & Construction

Why this does not pass

Interest-bearing debt is 978.6% of market cap, over the 30% AAOIFI limit.
Interest-bearing deposits are over the 30% 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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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

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 Industrials

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 OPAL Fuels Inc. (OPAL) halal to invest in?

OPAL Fuels Inc. (OPAL) 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 OPAL Fuels Inc. get a F compliance rating?

OPAL Fuels Inc. (OPAL) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 978.6% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change OPAL Fuels Inc.'s Shariah verdict?

OPAL Fuels 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 OPAL Fuels Inc. re-screened for Shariah compliance?

OPAL Fuels Inc. (OPAL) 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.