SandRidge Energy, Inc.

SD: Is SandRidge Energy, Inc. Halal?

SandRidge Energy, Inc.

NYSEEnergyUS

$13.43

-0.15%

Market Cap: 495.8M

Compliance Status

Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

B

Acceptable

69Score

Is SandRidge Energy, Inc. (SD) halal? Halal. Based on AAOIFI screening, SandRidge Energy, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 69/100 (Grade: B).

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

0.0% of 30.0% limit

What this means for you

You can own SD

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purify 2.4% of your income from SD

That is about $2.40 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About SandRidge Energy, Inc.

SandRidge Energy, Inc. is an energy firm primarily involved in the identification, development, and extraction of crude oil and natural gas resources, predominantly within the U.S. Mid-Continent region. As of December 31, 2021, the company reported an interest in 817 net producing wells. It also oversaw approximately 368,000 net leasehold acres spanning Oklahoma and Kansas, while its total estimated proved reserves amounted to 71.3 million barrels of oil equivalent. Established in 2006, the organization maintains its corporate headquarters in Oklahoma City, Oklahoma.

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

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

  1. Halalnow

    since Jun 2026

  2. Not Halal

    until the change above

  3. Halal

    until the change above

  4. Not Halal

    until the change above

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

Fiscal: Q1 2026Data source: EDGAR
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Frequently Asked Questions

Is SandRidge Energy, Inc. (SD) halal to invest in?
Based on AAOIFI Standard 21 screening, SandRidge Energy, Inc. (SD) is rated Halal with a compliance grade of B (Acceptable). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did SandRidge Energy, Inc. get a B compliance rating?
SandRidge Energy, Inc. (SD) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%); interest-bearing deposits of 22.1% (limit 30%); prohibited income of 2.43% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change SandRidge Energy, Inc.'s Shariah verdict?
SandRidge Energy, 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 SandRidge Energy, Inc. re-screened for Shariah compliance?
SandRidge Energy, Inc. (SD) 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 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.