Vermilion Energy Inc.

VET: Is Vermilion Energy Inc. Halal?

Vermilion Energy Inc.

NYSEEnergyCA

$12.73

-0.86%

Market Cap: 1.9B

Compliance Status

Not Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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.

Passed

Company debt

Over the limit

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

46.5% of 30.0% limit

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

AAOIFI Standard 21Updated Sep 1, 2026

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.

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:

Free · No credit card required

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.

6,200+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is Vermilion Energy Inc. (VET) halal to invest in?
Vermilion Energy Inc. (VET) 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 Vermilion Energy Inc. get a F compliance rating?
Vermilion Energy Inc. (VET) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 46.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Vermilion Energy Inc.'s Shariah verdict?
Vermilion 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 Vermilion Energy Inc. re-screened for Shariah compliance?
Vermilion Energy Inc. (VET) 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: Sep 1, 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.