What is PEDEVCO Corp.'s Shariah compliance score?

PEDEVCO Corp. (PED) 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 PEDEVCO Corp. pass AAOIFI screening?

PEDEVCO Corp. (PED) 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%. PED's debt-to-market-cap is 48.3%.

How much purification is needed for PEDEVCO Corp.?

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 PEDEVCO Corp. (PED) using the latest financial data.

Where can I screen PEDEVCO Corp. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for PEDEVCO Corp. (PED) 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.

PEDNot HalalF

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Compliance Status

Not Halal

Screened on Oct 8, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates PEDEVCO Corp. (PED) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/PED

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%.

48.3% 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 PED

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

PED: Is PEDEVCO Corp. Halal?

PEDEVCO Corp.

AMEXEnergyUS

$13.47

Market Cap: 179.2M

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About PEDEVCO Corp.

PEDEVCO Corp. is an oil and gas company primarily engaged in the acquisition, development, and production of hydrocarbon resources throughout the United States. As of December 31, 2021, the company owned approximately 32,870 net acres in New Mexico's Permian Basin (specifically Chaves and Roosevelt Counties) and about 11,580 net acres in Colorado's Denver-Julesberg (D-J) Basin (spanning Weld and Morgan Counties). Within these strategic areas, PEDEVCO operates 385 net wells in the Permian Basin and 78 net wells in the D-J Basin. The company's corporate headquarters are situated in Houston, Texas, and it operates as a subsidiary of SK Energy LLC.

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

Why this does not pass

Interest-bearing debt is 48.3% 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 8, 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 Halalnow
since Sep 2026
Halal
until the change above

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

Fiscal: Q2 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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Trive Property Group Bhd

$0.02

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BM Greentech Bhd

$1.60

+0.01%

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Kinergy Advancement Bhd

$0.40

+0.00%

0215.KLA+

Solarvest Holdings Bhd

$4.24

+0.02%

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Frequently Asked Questions

Is PEDEVCO Corp. (PED) halal to invest in?

PEDEVCO Corp. (PED) 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 PEDEVCO Corp. get a F compliance rating?

PEDEVCO Corp. (PED) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 48.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change PEDEVCO Corp.'s Shariah verdict?

PEDEVCO Corp.'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 PEDEVCO Corp. re-screened for Shariah compliance?

PEDEVCO Corp. (PED) 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 8, 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.