No. As of October 2026, Clontarf Energy PLC (CLON.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Clontarf Energy PLC does not pass Musaffa's business and financial screening criteria.
Clontarf Energy Plc engages in the exploration and production of oil and gas. The firm operates through two segments: Bolivia and Ghana. The firm has approximately 60% of the Ghana Tano 2A Block a 1,532km Block.
Clontarf Energy PLC CLON.L
GBX0.02
Last Updated: Oct 09, 12:00 AM·LSE
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CLON.L Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Clontarf Energy PLC is classified as not halal.
NOT HALAL
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FAQ's for Clontarf Energy PLC (CLON.L)
As of October 2026, Clontarf Energy PLC CLON.L is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Clontarf Energy PLC using these criteria to determine its compliance status.
Muslim investors may consider investing in Clontarf Energy PLC if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Clontarf Energy PLC by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Clontarf Energy PLC may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Clontarf Energy PLC on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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