Is Diamondback Energy, Inc. (FANG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 29.0% / 30% | 0.2% / 30% | 2.7% / 30% | 0.17% / 5% | ✓ HALAL |
| DJIM | 29.0% / 33% | 0.2% / 33% | 2.7% / 33% | 0.17% / 5% | ✓ HALAL |
| MSCI | 20.9% / 33% | 0.1% / 33% | 2.0% / 33% | 0.17% / 5% | ✓ HALAL |
| S&P | 29.0% / 33% | 0.2% / 33% | 2.7% / 33% | 0.17% / 5% | ✓ HALAL |
| FTSE | 20.9% / 33% | 0.1% / 33% | 2.0% / 50% | 0.17% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 73.0% | |
| Operating Margin | -86.5% | |
| Net Margin | 11.6% | |
| Return on Equity (ROE) | 3.7% | |
| Return on Assets (ROA) | 1.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $8.8B |
| Free Cash Flow | -$703M |
| Total Debt | $14.9B |
| Debt-to-Equity | 33.8 |
| Current Ratio | 0.4 |
| Total Assets | $71.1B |
Price & Trading
| Last Close | $202.19 |
| 50-Day MA | $172.75 |
| 200-Day MA | $152.05 |
| Avg Volume | 2.7M |
| Beta | 0.6 |
|
52-Week Range
$114.00
| |
About Diamondback Energy, Inc. (FANG)
Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas, the United States. The company primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland Basin; and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the Permian Basin in West Texas and New Mexico. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
Purification Calculator
As a halal stock with 0.17% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Diamondback Energy, Inc. (FANG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Diamondback Energy, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Diamondback Energy, Inc.'s debt ratio?
Diamondback Energy, Inc.'s debt ratio is 29.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 20.9%.
Does Diamondback Energy, Inc. require dividend purification?
Yes, Diamondback Energy, Inc. has an impermissible income ratio of 0.17%, which means 0.17% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Diamondback Energy, Inc.'s key financial metrics?
Diamondback Energy, Inc. has a market capitalization of $56.9B, trailing P/E ratio of 35.2, and revenue of $14.9B. The company maintains a gross margin of 73.0% and a net margin of 11.6%. Return on equity stands at 3.7%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.