Is Amplify Energy (AMPY) stock Halal?

Amplify Energy is an independent oil and gas company focused on the acquisition, development, and production of oil and natural gas properties in the United States. Its primary function is to explore and extract hydrocarbons, contributing to energy supply primarily through its operations in oil-rich basins. Amplify Energy's portfolio includes properties across the Rockies, offshore California, East Texas, Northern Louisiana, and the Eagle Ford Shale, impacting sectors such as energy, transportation, and manufacturing by providing essential raw materials. Before any of that matters to a Muslim investor, one question comes first: is Amplify Energy stock Halal?

Is Amplify Energy Shariah compliant?

For a resources company like Amplify Energy, AAOIFI Shariah Standard No. 21 has little quarrel with the product; the scrutiny falls on the financing. Heavy machinery and long project cycles are usually funded with debt, and the standard tolerates interest bearing borrowing only below 30% of market capitalisation.

Does Amplify Energy pass the business activity test?

Yes. In the September 2026 screening Amplify Energy holds an overall PASS, which a stock only earns when its core business clears the activity screen. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.

Is Amplify Energy's income Halal?

Yes, within AAOIFI's tolerance. Amplify Energy's income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 99.5% tells holders of AMPY what share of each dividend to keep and what remainder to donate to charity.

Does Amplify Energy meet AAOIFI's debt and investment ratio requirements?

Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has AMPY re-screened every month, and the result above always shows the latest verdict.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?