Is Borr Drilling Limited (BORR) Stock Halal or Haram?
Borr Drilling Limited (BORR) - Not Halal (Non-Compliant)
Borr Drilling Limited (BORR) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
Sector
Energy
Industry
Oil & Gas Drilling
Result
Pass
Reason
The sector "Energy" and industry "Oil & Gas Drilling" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 199.9% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio
Value: 18.0% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio
Value: 0.6% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.63%.Based on the company's financial statements, approximately 0.63% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.63% of total income). Some scholars may differ on the exact calculation method.
About Borr Drilling Limited
Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry in the Americas, Southeast Asia, West Africa, the Middle East, North Africa, and Europe. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, such as the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. It serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.
Frequently Asked Questions
Is Borr Drilling Limited (BORR) stock halal to invest in?
According to AAOIFI Shariah screening standards, Borr Drilling Limited (BORR) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Based on the company's financial statements, approximately 0.63% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.63% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About Borr Drilling Limited
Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry in the Americas, Southeast Asia, West Africa, the Middle East, North Africa, and Europe. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, such as the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. It serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.
BermudaNYSEEnergy
Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
No verdict changes recorded since first screened on Aug 16, 2026. We started recording changes on Oct 19, 2026.
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
Get More on the Mizaan App
Live charts, market cap, financials, AI business analysis, portfolio tracking, and compliance alerts — all on your phone.
Frequently Asked Questions
According to AAOIFI Shariah screening standards, Borr Drilling Limited (BORR) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Borr Drilling Limited's interest income ratio is 18.0% of total revenue. AAOIFI standards require this to be below 30%.
BORR is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
Borr Drilling Limited's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save BORR to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from Borr Drilling Limited require purification. Approximately 0.63% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
Does Borr Drilling Limited have any interest income?
Borr Drilling Limited's interest income ratio is 18.0% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if BORR stock is Shariah-compliant?
BORR is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is Borr Drilling Limited stock reviewed for Shariah compliance?
Borr Drilling Limited's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on Borr Drilling Limited's compliance status?
You can save BORR to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from Borr Drilling Limited stock considered halal?
Dividends from Borr Drilling Limited require purification. Approximately 0.63% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my Borr Drilling Limited shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
