Obsidian Energy Ltd. (OBE) - Not Halal (Non-Compliant)
Obsidian Energy Ltd. (OBE) 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 E&P
- Result
- Pass
- Reason
- The sector "Energy" and industry "Oil & Gas E&P" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 65.0% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 0.0% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.00%.No non-permissible income detected in the financial statements. No purification is required based on available data.
About Obsidian Energy Ltd.
Obsidian Energy Ltd. engages in the exploration, development, and production of oil and natural gas in Western Canada. Its portfolio of properties includes unitized and non-unitized light oil, heavy oil, and natural gas production. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.
Frequently Asked Questions
Is Obsidian Energy Ltd. (OBE) stock halal to invest in?
According to AAOIFI Shariah screening standards, Obsidian Energy Ltd. (OBE) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Obsidian Energy Ltd. have any interest income?
Obsidian Energy Ltd.'s interest income ratio is 0.0% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if OBE stock is Shariah-compliant?
OBE 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.

