No. As of September 2026, Houston American Energy Corp (HUSA) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Houston American Energy Corp does not pass Musaffa's business and financial screening criteria.
Houston American Energy Corp. engages in the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. The company is headquartered in Houston, Texas and currently employs 2 full-time employees. The company went IPO on 2002-01-18. In the United States, the Company's principal properties and operations are located in the onshore Permian Basin and Gulf Coast region of Louisiana. The firm holds an approximately 18.1% average working interest in 320 gross acres in Reeves County, Texas, consisting of the 160 gross acre Johnson Lease, in which it holds a 25% working interest, subject to a proportionate 5% back-in after payout, and the 160 gross acre O’Brien Lease, in which it holds an average 11.2% working interest. The firm holds a 15.9% average working interest, subject to a proportionate 10% back-in after payout, in an approximately 360 gross acre block in Yoakum County, Texas. Its sole property in Louisiana consists of a 23.4% mineral interest in 2,485 gross acres in East Baton Rouge Parish.
Houston American Energy Corp HUSA
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HUSA Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Houston American Energy Corp is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
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FAQ's for Houston American Energy Corp (HUSA)
As of September 2026, Houston American Energy Corp HUSA 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 Houston American Energy Corp using these criteria to determine its compliance status.
Muslim investors may consider investing in Houston American Energy Corp 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 Houston American Energy Corp 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 Houston American Energy Corp 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 Houston American Energy Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Houston American Energy Corp (HUSA)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.