Is Surge Energy, Inc. SGY stock halal to invest in?

No, as of February 2026, Surge Energy, Inc. stock (SGY) is currently categorized as NOT Shariah Compliant. The company's status is determined by a rigorous financial screening process, which uses the criteria set by the AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) as the primary global standard for Islamic investing. Surge Energy, Inc. has been assessed to have exceeded the permissible financial thresholds—specifically in areas like interest-bearing debt or non-permissible income (such as income from interest)—and, therefore, does not qualify as a halal investment under the current review. For investors seeking Shariah compliant global stocks, it is essential to check the latest compliance status, as these screenings are updated regularly (e.g., monthly) or upon the release of new financial reports. You can find the most current status for Surge Energy, Inc. and alternative halal stock options within the Tabadulat app.

How often is Surge Energy, Inc. SGY reviewed for Shariah compliance?

At Tabadulat, we receive Shariah compliance data on Surge Energy, Inc. SGY monthly. We apply the rigorous AAOIFI screening methodology under the direct supervision of our dedicated Shariah Supervisory Board to ensure your investments are consistently compliant.

Does Surge Energy, Inc. SGY pass the AAOIFI Non Permissible Income criteria?

Yes, as of February 2026, Surge Energy, Inc. stock (SGY) passes the AAOIFI Non Permissible Income criterion. The company's income from non-permissible sources, such as interest, is below the acceptable threshold set by AAOIFI.

Does Surge Energy, Inc. SGY pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of February 2026, Surge Energy, Inc. stock (SGY) passes the AAOIFI Interest Bearing Investments criterion. The company's interest-bearing investments are below the acceptable threshold set by AAOIFI.

Does STOCK pass the AAOIFI Interest Bearing Debt criteria?

No, as of February 2026, Surge Energy, Inc. stock (SGY) does not pass the AAOIFI Interest Bearing Debt criterion. The company's interest-bearing debt has exceeded the permissible threshold set by AAOIFI, indicating the stock is currently not Shariah compliant for this screen.

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Surge Energy, Inc.

TSX

Shariah-Compliant

Not Shariah

SGY

About

Surge Energy, Inc.

SGY

Surge Energy Inc. is an oil and gas exploration and production company primarily focused on the acquisition and development of energy resources in Canada. Headquartered in Calgary, Alberta, the company is known for operating in prolific hydrocarbon basins, leveraging its expertise in extracting crude oil and natural gas liquids efficiently. Surge Energy Inc. emphasizes maintaining a robust portfolio of assets that are strategically located, achieving operational efficiency and sustainable production growth. The company plays a substantial role in the energy sector by contributing to the energy supply chain in North America, thereby impacting broader economic activities related to energy consumption and distribution. Surge Energy Inc. is committed to enhancing shareholder value through disciplined capital allocation and focusing on low-cost, high-quality resource development. This commitment positions the company as a key player in the competitive oil and gas market, meeting demand in both domestic and international markets. Additionally, the company embraces responsible environmental practices and community engagement, reinforcing its role as a sustainable energy provider.

Sector:

Energy

Industry:

Oil & Gas E&P

Employees:

Website:

https://www.surgeenergy.ca

SGY

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Surge Energy, Inc.

About

Surge Energy, Inc.

SGY

Frequently asked questions

Is Surge Energy, Inc. SGY stock halal to invest in?

How often is Surge Energy, Inc. SGY reviewed for Shariah compliance?

Does Surge Energy, Inc. SGY pass the AAOIFI Non Permissible Income criteria?

Does Surge Energy, Inc. SGY pass the AAOIFI Interest Bearing Investments criteria?

Does STOCK pass the AAOIFI Interest Bearing Debt criteria?

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