No. As of October 2026, TomCo Energy PLC (TOM.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. TomCo Energy PLC does not pass Musaffa's business and financial screening criteria.
TomCo Energy Plc is an oil exploration and development company, which focuses on using technology to unlock unconventional hydrocarbon resources. The Company’s primary focus is on Greenfield Energy LLC, its wholly owned subsidiary, based in Utah, United States. The Greenfield oil sand remediation plant is located in the Northwest of Vernal Utah. Its wholly owned subsidiary, AC Oil LLC, entered into a 10-year lease to explore oil, gas, hydrocarbons and all associated substances on site in Uintah, Utah. The firm owns approximately 320 acres of leased acreage in Uintah County, Utah, USA, owned by Tar Sands Holdings II LLC (TSHII) (the Lease Area).
TomCo Energy PLC TOM.L
GBX0.02 GBX0.00 (2.08%) 1D
Last Updated: Oct 14, 12:00 AM·LSE
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TOM.L Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, TomCo Energy PLC is classified as not halal.
NOT HALAL
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FAQ's for TomCo Energy PLC (TOM.L)
As of October 2026, TomCo Energy PLC TOM.L 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 TomCo Energy PLC using these criteria to determine its compliance status.
Muslim investors may consider investing in TomCo Energy PLC 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 TomCo Energy PLC 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 TomCo Energy PLC 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 TomCo Energy PLC 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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