Is Spartan Delta Corp. SDE stock halal to invest in?

No, as of August 2026, Spartan Delta Corp. stock (SDE) 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. Spartan Delta Corp. 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 Spartan Delta Corp. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Spartan Delta Corp. SDE reviewed for Shariah compliance?

Tabadulat reviews Spartan Delta Corp. SDE 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 Spartan Delta Corp. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Spartan Delta Corp. SDE pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, Spartan Delta Corp. stock (SDE) 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. Spartan Delta Corp.'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 Spartan Delta Corp. SDE pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Spartan Delta Corp. stock (SDE) 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). Spartan Delta Corp.'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 Spartan Delta Corp. SDE pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Spartan Delta Corp. stock (SDE) passes 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. This cap limits shareholders' exposure to interest-based leverage. Spartan Delta Corp.'s interest-bearing debt is currently within the 30% threshold. 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 Spartan Delta Corp. SDE stock?

Spartan Delta Corp. (SDE) 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 Spartan Delta Corp. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Spartan Delta Corp. SDE pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Spartan Delta Corp. stock (SDE) 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. Spartan Delta Corp. 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.

Invest Halal, Anytime, Anywhere

Download the Tabadulat app and start building your Shariah-compliant portfolio in minutes.

English

العربية

Spartan Delta Corp.

TSX

Shariah-Compliant

Not Shariah

SDE

About

Spartan Delta Corp.

SDE

Spartan Delta Corp is an oil and gas exploration and production company primarily focused on developing and producing resources in Western Canada. The company's principal aim is to drive growth by acquiring and optimizing natural gas and crude oil assets in strategic geographic locations. Spartan Delta Corp plays a pivotal role in the energy sector, notably within the Western Canadian Sedimentary Basin—a prolific and mature region renowned for its abundant petroleum reserves. With a comprehensive growth strategy, Spartan Delta Corp is dedicated to maximizing the value of its resource base through enhanced operational efficiencies and innovative extraction techniques. Its portfolio is predominantly centered around key areas rich in hydrocarbon deposits, aligning with energy demands and market trends. Furthermore, Spartan Delta Corp contributes to the regional economy by providing employment and supporting the infrastructure required for energy production. In the broader financial market, Spartan Delta Corp holds significance as a dynamic participant committed to responsibly managing its environmental impact while pursuing sustainable energy solutions. The company's performance is closely monitored by investors and stakeholders interested in the energy sector’s volatility and long-term viability.

Sector:

Energy

Industry:

Oil & Gas E&P

Employees:

Website:

https://www.spartandeltacorp.com

SDE

Frequently asked questions

Related stocks

Mobile login screen for Tabadulat with fields to enter email, a Continue button, an option to create an account, and a language selector showing EN.

Step 1

Open your account.

Create your Tabadulat account in minutes: enter your details, complete identity verification, and add funds by secure transfer in multiple currencies. You're ready to start investing in halal stocks the same day.

Mobile screen showing add money interface with 100 AED amount and Manual Bank Transfer payment method selected, noting 1-2 business days processing.

Step 2

Deposit.

Add funds to your account using a secure payment method. You can deposit in multiple currencies to get started.

Step 3

Screen.

Screen Stocks for Free and explore a wide range of stocks that are ethically screened for Shariah compliance. Use our Halal Stock Screener to find the best opportunities.

Spartan Delta Corp.

About

Spartan Delta Corp.

SDE

Frequently asked questions

Is Spartan Delta Corp. SDE stock halal to invest in?

How often is Spartan Delta Corp. SDE reviewed for Shariah compliance?

Does Spartan Delta Corp. SDE pass the AAOIFI Non Permissible Income criteria?

Does Spartan Delta Corp. SDE pass the AAOIFI Interest Bearing Investments criteria?

Does Spartan Delta Corp. SDE pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Spartan Delta Corp. SDE stock?

Does Spartan Delta Corp. SDE pass the AAOIFI Preference Share screen?

Can I buy Spartan Delta (SDE) stock on Tabadulat?

Open your account.

Deposit.

Screen.