Is Permex Petroleum Corp (OILCF) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 209.4% / 30% | 83.9% / 30% | 2.5% / 30% | 0.0% / 5% | ✗ NOT HALAL |
| DJIM | 209.4% / 33% | 83.9% / 33% | 2.5% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| MSCI | 31.3% / 33% | 12.5% / 33% | 0.4% / 33% | 0.0% / 5% | ✓ HALAL |
| S&P | 209.4% / 33% | 83.9% / 33% | 2.5% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| FTSE | 31.3% / 33% | 12.5% / 33% | 0.4% / 50% | 0.0% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | -16.0% | |
| Operating Margin | -370.5% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -156.4% | |
| Return on Assets (ROA) | -20.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$2M |
| Free Cash Flow | -$2M |
| Total Debt | $4M |
| Debt-to-Equity | 298.3 |
| Current Ratio | 0.2 |
| Total Assets | $12M |
Price & Trading
| Last Close | $3.27 |
| 50-Day MA | $2.30 |
| 200-Day MA | $3.04 |
| Avg Volume | 3 |
| Beta | 3.0 |
|
52-Week Range
$0.70
| |
About Permex Petroleum Corp (OILCF)
Permex Petroleum Corporation, an independent energy company, acquires, explores for, develops, and produces oil and gas properties on private, state, and federal land in the United States. Its oil and natural gas properties located within the Permian Basin region of West Texas and Southeast New Mexico that includes the Midland and Delaware Basins, as well as the Central Basin Platform. Permex Petroleum Corporation was incorporated in 2017 and is headquartered in Houston, Texas.
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Frequently Asked Questions
Is Permex Petroleum Corp (OILCF) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Permex Petroleum Corp 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 Permex Petroleum Corp's debt ratio?
Permex Petroleum Corp's debt ratio is 209.4% 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 31.3%.
What are Permex Petroleum Corp's key financial metrics?
Permex Petroleum Corp has a market capitalization of $2M, and revenue of $116,033. Return on equity stands at -156.4%.
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.