What is Sky Quarry Inc.'s Shariah compliance score?

Sky Quarry Inc.'s (SKYQ) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Sky Quarry Inc. pass AAOIFI screening?

Sky Quarry Inc. (SKYQ) 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% (SKYQ: 78.5%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Sky Quarry Inc. stock?

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 exact percentage and amount for Sky Quarry Inc. (SKYQ) using the latest financial data.

Where can I screen Sky Quarry Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Sky Quarry Inc. (SKYQ) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about SKYQ's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SKYQ: Is Sky Quarry Inc. Halal?

Sky Quarry Inc.

NASDAQEnergyUS

$2.64

-1.49%

Market Cap: 12.7M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Sky Quarry Inc. (SKYQ) halal? Not Halal. Based on AAOIFI screening, Sky Quarry 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%.

78.5% of 30.0% limit

What this means for you

Most scholars advise not holding SKYQ

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Sky Quarry Inc.

Sky Quarry Inc. is an enterprise with a diversified operational scope spanning oil production, refining, and ecological restoration. The company's environmental endeavors involve the reclamation of oil-saturated lands and the recycling of spent asphalt shingles. In its energy division, Sky Quarry focuses on the exploration and development of oil sand resources, in addition to processing heavy crude oil to yield diesel and various other petroleum-based products. Founded in 2019, the firm initially conducted business as Recoteq Inc., before officially adopting its current name, Sky Quarry Inc., in April 2020. Its corporate headquarters are located in Woods Cross, Utah.

Sector: Energy · Industry: Oil & Gas Integrated

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Energy

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

0091.KLA+

Propel Global Bhd

$0.07

+0.00%

0118.KLA+

Trive Property Group Bhd

$0.02

+0.00%

0168.KLA+

BM Greentech Bhd

$1.66

+0.02%

0193.KLA+

Kinergy Advancement Bhd

$0.43

+0.00%

0215.KLA+

Solarvest Holdings Bhd

$3.03

-0.00%

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EOG Resources, Inc.

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ONEOK, Inc.

Free · No credit card required

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Frequently Asked Questions

Is Sky Quarry Inc. (SKYQ) halal to invest in?

Sky Quarry Inc. (SKYQ) 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 Sky Quarry Inc. get a F compliance rating?

Sky Quarry Inc. (SKYQ) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 78.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Sky Quarry Inc.'s Shariah verdict?

Sky Quarry 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 Sky Quarry Inc. re-screened for Shariah compliance?

Sky Quarry Inc. (SKYQ) 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: Aug 26, 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.