No. As of October 2026, Pilot Energy Ltd (PGY.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Pilot Energy Ltd does not pass Musaffa's business and financial screening criteria.
Pilot Energy Ltd. engages in the development, exploration, and acquisition of oil and gas projects. Its segments include Oil and Gas Exploration & Evaluation, Carbon Storage & Ammonia, Renewable, and Corporate. Its Oil and Gas Projects include WA-31-L and WA-481-P. The company holds an interest in the Cliff Head Oil field and Cliff Head Infrastructure, and a 100% working interest in the WA-481-P exploration permit, located offshore Western Australia. Its Mid West Clean Energy Project (MWCEP) is a clean ammonia export project aiming to produce up to 1 million tons per annum of clean ammonia. The company is located 120-kilometers south of Geraldton on the mid west coast of Western Australia. The Cliff Head Carbon Storage (CHCS) project, which forms part of the overall MWCEP and enables the production of blue hydrogen and ammonia.
Pilot Energy Ltd PGY.AX
AUD0.05
Last Updated: Mar 30, 12:00 AM·ASX
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PGY.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Pilot Energy Ltd is classified as not halal.
NOT HALAL
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FAQ's for Pilot Energy Ltd (PGY.AX)
As of October 2026, Pilot Energy Ltd PGY.AX 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 Pilot Energy Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Pilot Energy Ltd 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 Pilot Energy Ltd 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 Pilot Energy Ltd 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 Pilot Energy Ltd 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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