Is OPAL Fuels Inc. (OPAL) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 84.5% / 30% | 6.6% / 30% | 17.4% / 30% | 0.64% / 5% | ✗ NOT HALAL |
| DJIM | 84.5% / 33% | 6.6% / 33% | 17.4% / 33% | 0.64% / 5% | ✗ NOT HALAL |
| MSCI | 35.2% / 33% | 2.8% / 33% | 7.3% / 33% | 0.64% / 5% | ✗ NOT HALAL |
| S&P | 84.5% / 33% | 6.6% / 33% | 17.4% / 33% | 0.64% / 5% | ✗ NOT HALAL |
| FTSE | 35.2% / 33% | 2.8% / 33% | 7.3% / 50% | 0.64% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 26.1% | |
| Operating Margin | 5.9% | |
| Net Margin | 4.2% | |
| Return on Equity (ROE) | 7.6% | |
| Return on Assets (ROA) | 0.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $36M |
| Free Cash Flow | -$34M |
| Total Debt | $352M |
| Debt-to-Equity | 74.0 |
| Current Ratio | 1.2 |
| Total Assets | $959M |
Price & Trading
| Last Close | $2.24 |
| 50-Day MA | $2.27 |
| 200-Day MA | $2.39 |
| Avg Volume | 274K |
| Beta | 1.1 |
|
52-Week Range
$1.26
| |
About OPAL Fuels Inc. (OPAL)
OPAL Fuels Inc. together with its subsidiaries, engages in the production and distribution of renewable natural gas (RNG) for use as a vehicle fuel for heavy and medium-duty trucking fleets throughout the United States. It operates through three segments, RNG Fuel, Fuel Station Services and Renewable Power. The company also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel. In addition, it is involved in the design, development, and construction of hydrogen fueling stations. Further, the company engages in the generation and sale of renewable power to utilities; and environmental attributes associated with RNG and renewable power, as well as sale of RNG as pipeline quality natural gas. OPAL Fuels Inc. was founded in 1998 and is headquartered in White Plains, New York.
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Frequently Asked Questions
Is OPAL Fuels Inc. (OPAL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), OPAL Fuels Inc. 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 OPAL Fuels Inc.'s debt ratio?
OPAL Fuels Inc.'s debt ratio is 84.5% 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 35.2%.
What are OPAL Fuels Inc.'s key financial metrics?
OPAL Fuels Inc. has a market capitalization of $387M, trailing P/E ratio of 14.9, and revenue of $349M. The company maintains a gross margin of 26.1% and a net margin of 4.2%. Return on equity stands at 7.6%.
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.