Is Great Boulder Resources Ltd. GBR stock Halal to invest in?

No, as of September 2026, Great Boulder Resources Ltd. stock (GBR) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening Halal stocks. To qualify as Halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Great Boulder Resources Ltd. currently does not meet the threshold for the non-permissible income screen. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Great Boulder Resources Ltd. and discover Shariah compliant alternatives among the Halal stocks in the Tabadulat app.

How often is Great Boulder Resources Ltd. GBR reviewed for Shariah compliance?

Tabadulat reviews Great Boulder Resources Ltd. GBR for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Great Boulder Resources Ltd. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Great Boulder Resources Ltd. GBR pass the AAOIFI Non Permissible Income criteria?

No, as of September 2026, Great Boulder Resources Ltd. stock (GBR) does not pass the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or Riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Great Boulder Resources Ltd.'s income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does Great Boulder Resources Ltd. GBR pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of September 2026, Great Boulder Resources Ltd. stock (GBR) passes the AAOIFI interest-bearing investments screen. Each month Tabadulat compares Great Boulder Resources Ltd.'s holdings in interest-earning instruments, such as conventional deposits, bonds and treasury bills, against AAOIFI's 30% market capitalisation cap. The current screening shows the company inside the limit. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Great Boulder Resources Ltd. GBR pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of September 2026, Great Boulder Resources Ltd. stock (GBR) passes the AAOIFI interest-bearing debt screen. AAOIFI tolerates some conventional borrowing but draws the line at 30% of market capitalisation. On the latest data, Great Boulder Resources Ltd.'s interest-bearing debt stays below the line. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Great Boulder Resources Ltd. GBR stock?

Great Boulder Resources Ltd. (GBR) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (Tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a Halal investment. If Great Boulder Resources Ltd. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Great Boulder Resources Ltd. GBR pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Great Boulder Resources Ltd. stock (GBR) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Great Boulder Resources Ltd. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Is Great Boulder Resources (GBR) stock Halal?

NYSE

Shariah-Compliant

Not Shariah

September 2026 AAOIFI screening result for Great Boulder Resources Ltd. (GBR): non-permissible income, fail. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Great Boulder Resources Ltd. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.

Sector:

Real Estate

Industry:

Real Estate Services

Employees:

Website:

https://www.newconceptenergy.com

Market cap:

$4M

P/E ratio:

30.3

Dividend yield:

52-week range:

$0.62 - $1.31

Data as of:

3 September 2026

Screening history:

September 2026: FAIL

Great Boulder Resources is an American company focused on the energy sector, specifically in oil and gas exploration and production. Established to manage and maximize hydrocarbon resources, the company operates mainly within the United States. Key operations involve the acquisition, exploration, and development of oil and natural gas properties. It primarily emphasizes extracting these commodities to meet growing energy demands, supporting industrial processes, and fueling domestic and commercial needs. Before any of that matters to a Muslim investor, one question comes first: is Great Boulder Resources stock Halal?

Is Great Boulder Resources Shariah compliant?

Real estate begins from a strong position in Shariah screening: buildings and land are permissible assets. What AAOIFI Shariah Standard No. 21 examines for Great Boulder Resources is the mortgage financing behind the portfolio, capped at 30% of market capitalisation, and whether tenant income includes impermissible sources beyond the 5% ceiling.

Does Great Boulder Resources pass the business activity test?

The activity screen is only part of the picture this month: Great Boulder Resources currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The watch item is the tenant roll: rental income from impermissible businesses counts against the 5% ceiling.

Is Great Boulder Resources' income Halal?

No. Great Boulder Resources' 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 Great Boulder Resources 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 GBR 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 REITs: Halal Real Estate for Muslim Investors

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