Reconnaissance Energy (Africa) Ltd RECAF
$0.49 $0.01 (1.88%) 1D
Last Updated: Aug 21, 12:00 AM·OOTC
Pricing for US stocks is delayed by 24 hours
RECAF Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Reconnaissance Energy (Africa) Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Reconnaissance Energy (Africa) Ltd. Stock Analysis RECAF
United States Energy Micro Cap Reconnaissance Energy Africa Ltd. is a Canadian-based junior oil and gas company, which engages in the identification, exploration, and development of oil and gas assets via drilling and acquisition with a focus on Namibia and Botswana. The company is headquartered in Calgary, Alberta and currently employs 28 full-time employees. The firm is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The firm holds an interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The firm's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).
Reconnaissance Energy (Africa) Ltd (RECAF) Chart
Financial Metrics & Statements of Reconnaissance Energy (Africa) Ltd (RECAF)
FAQ's for Reconnaissance Energy (Africa) Ltd (RECAF)
- As of August 2026, Reconnaissance Energy (Africa) Ltd RECAF 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 Reconnaissance Energy (Africa) Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Reconnaissance Energy (Africa) 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 Reconnaissance Energy (Africa) 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 Reconnaissance Energy (Africa) 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 Reconnaissance Energy (Africa) Ltd 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 Reconnaissance Energy (Africa) Ltd (RECAF)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
