Is Sky Quarry, Inc. SKYQ stock halal to invest in?

No, as of August 2026, Sky Quarry, Inc. stock (SKYQ) 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. Sky Quarry, 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 Sky Quarry, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Sky Quarry, Inc. SKYQ reviewed for Shariah compliance?

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 Monthly screening ensures the status shown for Sky Quarry, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

Yes, as of August 2026, Sky Quarry, Inc. stock (SKYQ) 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. Sky Quarry, 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 Sky Quarry, Inc. SKYQ pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Sky Quarry, Inc. stock (SKYQ) 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). Sky Quarry, 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 Sky Quarry, Inc. SKYQ pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Sky Quarry, Inc. stock (SKYQ) 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. Sky Quarry, 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 Sky Quarry, Inc. SKYQ stock?

Sky Quarry, Inc. (SKYQ) 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 Sky Quarry, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Sky Quarry, Inc. SKYQ pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Sky Quarry, Inc. stock (SKYQ) 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. Sky Quarry, 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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Sky Quarry, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

SKYQ

About

Sky Quarry, Inc.

SKYQ

Sky Quarry Inc. is a company dedicated to the sustainable and innovative management of waste materials, with a strong emphasis on environmentally friendly practices. The primary focus of Sky Quarry is the reclamation and recycling of asphalt shingles from landfills, transforming what would otherwise be waste into useful resources. This process not only aids in reducing landfill accumulation but also contributes to the reduction of greenhouse gas emissions associated with new material production. The company operates within the environmental services and waste management sectors, playing a crucial role in the circular economy by converting waste into value-added products. Sky Quarry's initiatives align with growing global and industry trends towards sustainability and resource efficiency, thus holding significant importance as industries worldwide seek to lower their environmental footprints. By leveraging its technology and expertise, Sky Quarry Inc. is positioned as a key player in promoting sustainable business practices, making a positive impact on both the environment and resource optimization in the market.

Sector:

Energy

Industry:

Oil & Gas Integrated

Employees:

Website:

https://skyquarry.com

SKYQ

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Sky Quarry, Inc.

About

Sky Quarry, Inc.

SKYQ

Frequently asked questions

Is Sky Quarry, Inc. SKYQ stock halal to invest in?

How often is Sky Quarry, Inc. SKYQ reviewed for Shariah compliance?

Does Sky Quarry, Inc. SKYQ pass the AAOIFI Non Permissible Income criteria?

Does Sky Quarry, Inc. SKYQ pass the AAOIFI Interest Bearing Investments criteria?

Does Sky Quarry, Inc. SKYQ pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Sky Quarry, Inc. SKYQ stock?

Does Sky Quarry, Inc. SKYQ pass the AAOIFI Preference Share screen?

Can I buy Sky Quarry (SKYQ) stock on Tabadulat?

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