Is Greenfire Resources Ltd. (GFR) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 40.6% / 30% | 8.1% / 30% | 6.8% / 30% | 5.86% / 5% | ✗ NOT HALAL |
| DJIM | 40.6% / 33% | 8.1% / 33% | 6.8% / 33% | 5.86% / 5% | ✗ NOT HALAL |
| MSCI | 26.9% / 33% | 5.4% / 33% | 4.5% / 33% | 5.86% / 5% | ✗ NOT HALAL |
| S&P | 40.6% / 33% | 8.1% / 33% | 6.8% / 33% | 5.86% / 5% | ✗ NOT HALAL |
| FTSE | 26.9% / 33% | 5.4% / 33% | 4.5% / 50% | 5.86% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 29.5% | |
| Operating Margin | 18.5% | |
| Net Margin | 8.1% | |
| Return on Equity (ROE) | 4.8% | |
| Return on Assets (ROA) | 5.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $136M |
| Free Cash Flow | $25M |
| Total Debt | $6M |
| Debt-to-Equity | 0.5 |
| Current Ratio | 1.6 |
| Total Assets | $1.3B |
Price & Trading
| Last Close | $6.43 |
| 50-Day MA | $5.91 |
| 200-Day MA | $5.02 |
| Avg Volume | 128K |
| Beta | 0.3 |
|
52-Week Range
$3.81
| |
About Greenfire Resources Ltd. (GFR)
Greenfire Resources Ltd., together with its subsidiaries, engages in the exploration, development, and operation of oil and gas properties in the Athabasca oil sands region of Alberta, Canada. The company's principal asset includes the Hangingstone Facilities which consist of the Expansion Asset and the Demo Asset located in south of Fort McMurray, Alberta. Greenfire Resources Ltd. is headquartered in Calgary, Canada.
Related Halal Stocks in Energy
Frequently Asked Questions
Is Greenfire Resources Ltd. (GFR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Greenfire Resources Ltd. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Greenfire Resources Ltd.'s debt ratio?
Greenfire Resources Ltd.'s debt ratio is 40.6% 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 26.9%.
What are Greenfire Resources Ltd.'s key financial metrics?
Greenfire Resources Ltd. has a market capitalization of $825M, trailing P/E ratio of 13.7, and revenue of $603M. The company maintains a gross margin of 29.5% and a net margin of 8.1%. Return on equity stands at 4.8%.
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.