
VET: Is Vermilion Energy Inc. Halal?
Vermilion Energy Inc.
$12.73
-0.86%
Market Cap: 1.9B
Compliance Status
Not Halal
Screened on Sep 1, 2026 · AAOIFI Standard 21
Non-Compliant
Is Vermilion Energy Inc. (VET) halal? Not Halal. Based on AAOIFI screening, Vermilion Energy 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 Vermilion Energy Inc. (VET) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/VET
Business activity
What the company sells is permissible.
Company debt
Over the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
What this means for you
Most scholars advise not holding VET
It does not pass AAOIFI Shariah screening.
See halal alternatives from the same sector further down this page
About Vermilion Energy Inc.
Vermilion Energy Inc., an international energy firm operating through its subsidiaries, focuses on the full lifecycle of oil and natural gas, encompassing their acquisition, exploration, development, and production. Its activities are geographically diverse, spanning North America, various European nations, and Australia. Established in 1994, the company's corporate headquarters are situated in Calgary, Canada. The company holds extensive property interests across its operational regions. In Canada, it possesses an 81% working interest in 636,714 net developed acres and an 85% working interest in 301,026 net undeveloped acres. Its U.S. presence includes 130,715 net acres within the Powder River basin. European landholdings are significant: in France, covering the Aquitaine and Paris Basins, it maintains a 96% working interest in 248,873 net developed acres and an 86% working interest in 134,160 net undeveloped acres. The Netherlands contributes a 53% working interest across 901,791 net acres. In Germany, Vermilion manages 54,625 net developed acres alongside 920,723 net undeveloped acres. Further European land positions include 975,375 net acres in Croatia, 946,666 net acres in Hungary, and 48,954 net acres in Slovakia. Beyond these land-based assets, Vermilion also participates in significant offshore production. It holds a 20% interest in the Corrib natural gas field, located off Ireland's northwest coast. In Australia, the company has a 100% working interest in the 59,553-acre Wandoo offshore oil field and its associated production facilities, situated on the northwest shelf. As of December 31, 2021, Vermilion's active well count included: Canada: 401 net conventional natural gas wells and 2,132 net light and medium crude oil wells. United States: 167.6 net light and medium crude oil wells. France: 297.0 net light and medium crude oil wells and 3 net conventional natural gas wells. Netherlands: 47 net natural gas wells.
Sector: Energy · Industry: Oil & Gas Exploration & Production
Shariah Compliance Status
Compliance History
Not Halal, unchanged since Jun 2026.
No status changes recorded since we began tracking.
Tracked since Jun 2026. Updates automatically on each re-screen.
Halal Alternatives in Energy
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
More Energy Stocks
Track VET and 6,200+ stocks with AI insights
Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.
Frequently Asked Questions
Is Vermilion Energy Inc. (VET) halal to invest in?
Why did Vermilion Energy Inc. get a F compliance rating?
What could change Vermilion Energy Inc.'s Shariah verdict?
How often is Vermilion Energy Inc. re-screened for Shariah compliance?
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.