Is Orbit Garant Drilling, Inc. OGD stock halal to invest in?

No, as of August 2026, Orbit Garant Drilling, Inc. stock (OGD) 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. Orbit Garant Drilling, Inc. currently does not meet the threshold for the interest-bearing debt 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 Orbit Garant Drilling, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Orbit Garant Drilling, Inc. OGD reviewed for Shariah compliance?

Tabadulat reviews Orbit Garant Drilling, Inc. OGD 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screening ensures the status shown for Orbit Garant Drilling, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Orbit Garant Drilling, Inc. OGD pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Orbit Garant Drilling, Inc. stock (OGD) passes 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. Orbit Garant Drilling, Inc.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Orbit Garant Drilling, Inc. OGD pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Orbit Garant Drilling, Inc. stock (OGD) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). Orbit Garant Drilling, Inc.'s interest-bearing investments are currently within the 30% threshold. 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 Orbit Garant Drilling, Inc. OGD pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Orbit Garant Drilling, Inc. stock (OGD) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. Orbit Garant Drilling, Inc.'s interest-bearing debt currently exceeds this 30% limit, meaning the company relies on riba-based financing beyond the level AAOIFI permits for a halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Orbit Garant Drilling, Inc. OGD stock?

Orbit Garant Drilling, Inc. (OGD) 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 Orbit Garant Drilling, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Orbit Garant Drilling, Inc. OGD pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Orbit Garant Drilling, Inc. stock (OGD) 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. Orbit Garant Drilling, Inc. 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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Orbit Garant Drilling, Inc.

TSX

Shariah-Compliant

Not Shariah

OGD

About

Orbit Garant Drilling, Inc.

OGD

Orbit Garant Drilling Inc. is a leading Canadian drilling services company that specializes in mineral exploration. The primary function of the company is to provide specialized drilling services to mining companies, ensuring accurate and reliable extraction of core samples that can help identify potential mineral resources. Its services are crucial for mineral exploration projects, which are often the foundational steps in mining operations. The company operates across various sectors, including precious metals, base metals, and diamonds, catering to a diverse clientele that values precision and efficiency in drilling operations. With a commitment to safety and innovation, Orbit Garant employs advanced drilling technologies and techniques to optimize results and reduce environmental impact. In the financial markets, Orbit Garant Drilling Inc. is recognized for its role in supporting and enabling the exploration activities that precede mining and extraction in the natural resources sector, making it an integral part of the mining industry’s supply chain ecosystem.

Sector:

Basic Materials

Industry:

Other Industrial Metals & Mining

Employees:

1100

Website:

https://www.orbitgarant.com

OGD

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Orbit Garant Drilling, Inc.

About

Orbit Garant Drilling, Inc.

OGD

Frequently asked questions

Is Orbit Garant Drilling, Inc. OGD stock halal to invest in?

How often is Orbit Garant Drilling, Inc. OGD reviewed for Shariah compliance?

Does Orbit Garant Drilling, Inc. OGD pass the AAOIFI Non Permissible Income criteria?

Does Orbit Garant Drilling, Inc. OGD pass the AAOIFI Interest Bearing Investments criteria?

Does Orbit Garant Drilling, Inc. OGD pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Orbit Garant Drilling, Inc. OGD stock?

Does Orbit Garant Drilling, Inc. OGD pass the AAOIFI Preference Share screen?

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