
Is EQT (EQT) stock Halal?
Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. EQT Corp. (EQT) does not meet the threshold for the non-permissible income screen as of September 2026, so it is not Shariah compliant.
EQT is a leading natural gas producer with significant operations in the Appalachian Basin, one of the richest natural gas fields in the United States. As a key player in the energy sector, EQT focuses primarily on the exploration, production, and distribution of natural gas, thereby playing an integral role in the energy supply chain. The company's operations are anchored in advanced drilling techniques and technologies aimed at maximizing efficiency and environmental compatibility. For Muslim investors, though, the most pressing question is simpler: is EQT a Halal investment?
Is EQT Shariah compliant?
Extracting and selling oil, gas or materials is a permissible business, so companies like EQT rarely stumble on the activity screen. The pressure point is capital structure: energy is a capital hungry industry that borrows heavily, and AAOIFI Shariah Standard No. 21 caps interest bearing debt at 30% of market capitalisation, a line that moves as commodity cycles move the share price.
Does EQT pass the business activity test?
The activity screen is only part of the picture this month: EQT currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.
Is EQT's income Halal?
No. EQT's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does EQT 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 EQT 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?



