Is Resilient Energy Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Resilient Energy Inc (RENI) is currently classified as NOT HALAL as of April 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Resilient Energy Inc a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Resilient Energy Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Resilient Energy Inc?

Muslim investors may consider investing in Resilient Energy Inc if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Resilient Energy Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Resilient Energy Inc by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Resilient Energy Inc updated?

The Shariah compliance status of Resilient Energy Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Resilient Energy Inc become non-compliant?

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.

Where can I check the Shariah status of Resilient Energy Inc?

You can check the latest Shariah compliance status of Resilient Energy Inc on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

RENI Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 19, 2024

Report Source: 2023 Annual Report

Resilient Energy Inc. Stock Analysis RENI

United States N/A Small Cap Report: 2023 Annual

Resilient Energy, Inc. is an independent energy company. The company is headquartered in Houston, Texas. The company went IPO on 2022-09-30. The firm is engaged in the acquisition, exploration, development, and production of North American conventional oil and gas properties. The firm provides a range of critical logistical and support services to the oil and gas industry, including the specialized transportation of liquids, gases, oilfield construction equipment, and saltwater for disposal. The Company’s subsidiary is Challenger Aerospace & Defense, Inc (CADI). CADI is a designer, manufacturer, and tester of aerial, surface, and maritime unmanned vehicles catering to private and commercial operators, government agencies, industrial, agricultural and defense organizations.

Key Statistics of Resilient Energy Inc (RENI)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$0.11$0.13

Today's Open

$0.13

Volume

10.50K

P/E Ratio (TTM)

52 Week Range

$0.06$0.18

Market Cap

906.39M

Avg. Volume

9557.09

Dividend Yield

Financial Metrics & Statements of Resilient Energy Inc (RENI)

FAQ's for Resilient Energy Inc (RENI)

According to Musaffa’s Shariah screening methodology, Resilient Energy Inc (RENI) is currently classified as NOT HALAL as of April 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.