What is Summit Midstream Corp.'s Shariah compliance score?

Summit Midstream Corp.'s (SMC) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Summit Midstream Corp. pass AAOIFI screening?

Summit Midstream Corp. (SMC) 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% (SMC: 263.3%), (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 Summit Midstream Corp. 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 Summit Midstream Corp. (SMC) using the latest financial data.

Where can I screen Summit Midstream Corp. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Summit Midstream Corp. (SMC) 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 SMC's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SMC: Is Summit Midstream Corp. Halal?

Summit Midstream Corp.

NYSEEnergyUS

$34.11

-1.66%

Market Cap: 471.2M

Compliance Status

Not Halal

Screened on Aug 30, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Summit Midstream Corp. (SMC) halal? Not Halal. Based on AAOIFI screening, Summit Midstream 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 Summit Midstream Corp. (SMC) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Aug 30, 2026. Source: https://halalscreener.app/en/stock/SMC

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%.

263.3% of 30.0% limit

What this means for you

Most scholars advise not holding SMC

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Summit Midstream Corp.

Summit Midstream Corporation specializes in managing and developing critical energy infrastructure, primarily across the continental United States' significant shale formations. The company oversees extensive collection networks for natural gas, crude oil, and produced water. These operations span four major unconventional resource basins: the Williston Basin in North Dakota (encompassing the Bakken and Three Forks shale plays), the Denver-Julesburg Basin across Colorado and Wyoming (with its Niobrara and Codell formations), the Fort Worth Basin in Texas (featuring the Barnett Shale), and Colorado's Piceance Basin (home to the Mesaverde, and emerging Mancos and Niobrara formations). Their services cater directly to natural gas and crude oil producers. Established in 2012, Summit Midstream Corporation maintains its headquarters in Houston, Texas.

Sector: Energy · Industry: Oil & Gas Midstream

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 30, 2026

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 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

-0.01%

0193.KLA+

Kinergy Advancement Bhd

$0.41

-0.01%

0215.KLA+

Solarvest Holdings Bhd

$3.04

-0.02%

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Exxon Mobil Corporation

A+

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Chevron Corporation

A+

COP

ConocoPhillips

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Slb N.V.

EOG

EOG Resources, Inc.

OKE

ONEOK, Inc.

Free · No credit card required

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Frequently Asked Questions

Is Summit Midstream Corp. (SMC) halal to invest in?

Summit Midstream Corp. (SMC) 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 Summit Midstream Corp. get a F compliance rating?

Summit Midstream Corp. (SMC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 263.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Summit Midstream Corp.'s Shariah verdict?

Summit Midstream 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 Summit Midstream Corp. re-screened for Shariah compliance?

Summit Midstream Corp. (SMC) 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 30, 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.