Is Trio Petroleum Corp. TPET stock halal to invest in?

No, as of August 2026, Trio Petroleum Corp. stock (TPET) 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. Trio Petroleum Corp. currently does not meet the threshold for the interest-bearing investments 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 Trio Petroleum Corp. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Trio Petroleum Corp. TPET reviewed for Shariah compliance?

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 reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

Yes, as of August 2026, Trio Petroleum Corp. stock (TPET) 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. Trio Petroleum Corp.'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 Trio Petroleum Corp. TPET pass the AAOIFI Interest Bearing Investments criteria?

No, as of August 2026, Trio Petroleum Corp. stock (TPET) does not pass 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. Trio Petroleum Corp.'s interest-bearing investments currently exceed this 30% limit, meaning too large a share of the company's value derives from riba-based instruments for the stock to qualify as halal on this criterion. The ratio moves with both the balance sheet and the share price, and is reassessed monthly.

Does Trio Petroleum Corp. TPET pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Trio Petroleum Corp. stock (TPET) 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. Trio Petroleum 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 Trio Petroleum Corp. TPET stock?

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

Does Trio Petroleum Corp. TPET pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Trio Petroleum Corp. stock (TPET) 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. Trio Petroleum 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.

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Trio Petroleum Corp.

NYSE

Shariah-Compliant

Not Shariah

TPET

About

Trio Petroleum Corp.

TPET

Trio Petroleum Corp is an energy company primarily engaged in the exploration and development of oil and natural gas reserves. Its main focus is on identifying and exploiting hydrocarbon-rich prospects to maximize output and resource recovery. The company operates in the upstream sector of the petroleum industry, where it seeks opportunities in both conventional and unconventional resource plays. Trio Petroleum Corp's activities impact the energy sector broadly, contributing to the supply of fossil fuels that drive various industries and support global energy demands. By employing advanced exploration techniques and technologies, the company aims to enhance efficiency and reduce environmental impact in its operations. As part of the broader energy market, Trio Petroleum Corp plays a crucial role in ensuring a steady flow of energy resources, which are vital for economic growth and stability. Its operations and outputs are significant to stakeholders ranging from local economies where it operates to global energy markets that rely on diverse supply sources.

Sector:

Energy

Industry:

Oil & Gas E&P

Employees:

Website:

https://trio-petroleum.com

TPET

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Trio Petroleum Corp.

About

Trio Petroleum Corp.

TPET

Frequently asked questions

Is Trio Petroleum Corp. TPET stock halal to invest in?

How often is Trio Petroleum Corp. TPET reviewed for Shariah compliance?

Does Trio Petroleum Corp. TPET pass the AAOIFI Non Permissible Income criteria?

Does Trio Petroleum Corp. TPET pass the AAOIFI Interest Bearing Investments criteria?

Does Trio Petroleum Corp. TPET pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Trio Petroleum Corp. TPET stock?

Does Trio Petroleum Corp. TPET pass the AAOIFI Preference Share screen?

Can I buy Trio Petroleum (TPET) stock on Tabadulat?

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