Vivakor, Inc. (VIVK) is classified as Halal (Shariah-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 Integrated
Result
Pass
Reason
The sector "Energy" and industry "Oil & Gas Integrated" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 9.1% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio
Value: 0.2% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio
Value: 0.1% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.07%.Based on the company's financial statements, approximately 0.07% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.07% of total income). Some scholars may differ on the exact calculation method.
About Vivakor, Inc.
Vivakor, Inc. provides crude oil transportation, terminaling, and marketing services in the United States. It operates through three segments: Crude Oil Transportation; Terminaling and Storage Facilities; and Marketing and Trading. The Crude Oil Transportation segment engages in trucking and pipeline operations. It includes transportation of crude oil and constituent products, such as crude oil waste streams using a trucking fleet and pipeline infrastructure; operates crude oil gathering and shuttle system; and provides transportation services. The Terminaling and Storage Facilities segment owns and operates ten crude oil pipeline injection truck stations and two major terminaling facilities. The Marketing and Trading segment purchases, sales, and distribution of crude oil, condensate, natural gas liquids, and refined or processed oil products, such as atmospheric tank bottoms, naphtha, and other light hydrocarbons. It also provides remediation of soil and the extraction of hydrocarbons. The company was formerly known as NGI Holdings, LLC and changed its name to Vivakor, Inc. in April 2008. The company was incorporated in 2006 and is based in Dallas, Texas.
Based on the company's financial statements, approximately 0.07% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.07% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About Vivakor, Inc.
Vivakor, Inc. provides crude oil transportation, terminaling, and marketing services in the United States. It operates through three segments: Crude Oil Transportation; Terminaling and Storage Facilities; and Marketing and Trading. The Crude Oil Transportation segment engages in trucking and pipeline operations. It includes transportation of crude oil and constituent products, such as crude oil waste streams using a trucking fleet and pipeline infrastructure; operates crude oil gathering and shuttle system; and provides transportation services. The Terminaling and Storage Facilities segment owns and operates ten crude oil pipeline injection truck stations and two major terminaling facilities. The Marketing and Trading segment purchases, sales, and distribution of crude oil, condensate, natural gas liquids, and refined or processed oil products, such as atmospheric tank bottoms, naphtha, and other light hydrocarbons. It also provides remediation of soil and the extraction of hydrocarbons. The company was formerly known as NGI Holdings, LLC and changed its name to Vivakor, Inc. in April 2008. The company was incorporated in 2006 and is based in Dallas, Texas.
United StatesNASDAQEnergy
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 Jul 24, 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.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, Vivakor, Inc. (VIVK) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Vivakor, Inc.'s interest income ratio is 0.2% of total revenue. AAOIFI standards require this to be below 30%.
VIVK 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.
Vivakor, Inc.'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 VIVK 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 Vivakor, Inc. require purification. Approximately 0.07% 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.
According to AAOIFI Shariah screening standards, Vivakor, Inc. (VIVK) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does Vivakor, Inc. have any interest income?
Vivakor, Inc.'s interest income ratio is 0.2% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if VIVK stock is Shariah-compliant?
VIVK 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 Vivakor, Inc. stock reviewed for Shariah compliance?
Vivakor, Inc.'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 Vivakor, Inc.'s compliance status?
You can save VIVK 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 Vivakor, Inc. stock considered halal?
Dividends from Vivakor, Inc. require purification. Approximately 0.07% 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 Vivakor, Inc. 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.
