GNOLF Shariah Compliance
Screening Methodology: AAOIFI
NOT HALAL
Last Updated: January 06, 2025
Report Source: 2024 3rd Quarter Report
Genoil Inc. Stock Analysis GNOLF
Genoil, Inc. develops technologies relating to the oil and gas industry. The company is headquartered in New York City, New York. The company went IPO on 2001-07-11. The Company, through its subsidiary, Genoil Emirates LLC, focuses on creating projects in the U.A.E. for all of its technologies, including desulfurization, oil upgrading and recycling, water purification port technologies, well testing, and sand cleaning. The company is primarily involved in the development and commercial applications of its heavy oil upgrading technology, the Genoil Hydroconversion Upgrader (GHU), which converts sour (high sulfur), heavy hydrocarbon feed stocks into lighter oil with higher quality distillates for conventional refining. Its Crystal Separator is suitable for a range of applications, including offshore oil platforms, wastewater treatment plants, refineries, gasoline service stations and ports. Its Crystal Sea oil and water separator is a compact unit that is able to handle small volumes from 2 GPM to 20 GPM using a compartmental process.
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FAQ's for Genoil Inc (GNOLF)
- According to Musaffa’s Shariah screening methodology, Genoil Inc (GNOLF) is currently classified as NOT HALAL as of January 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.