Is Tourmaline Oil Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Tourmaline Oil Corp (TOU.TO) is currently classified as NOT HALAL as of March 2026. 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 Tourmaline Oil Corp 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 Tourmaline Oil Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Tourmaline Oil Corp?

Muslim investors may consider investing in Tourmaline Oil 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.

Why is Tourmaline Oil Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Tourmaline Oil Corp 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 Tourmaline Oil Corp updated?

The Shariah compliance status of Tourmaline Oil Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Tourmaline Oil Corp 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 Tourmaline Oil Corp?

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

TOU.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 25, 2026

Report Source: 2025 Annual Report

Tourmaline Oil Corp. Stock Analysis TOU.TO

Canada Energy Large Cap Report: 2025 Annual

Tourmaline Oil Corp. is an oil and natural gas company, which engages in the acquisition, exploration, development, and production of petroleum and natural gas properties. The company is headquartered in Calgary, Alberta. The company went IPO on 2010-11-22. The firm is a natural gas producer focused on long-term growth through an active exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. Its operations include Alberta Deep Basin, NEBC Montney Gas/Condensate and Peace River Triassic Oil. Its target exploration and production area are in that portion of the Alberta Deep Basin where the entire lower Cretaceous stratigraphic section is gas saturated with no mobile formation water. Its Montney EP program has been focused on the Groundbirch/Sunrise/Dawson area of the Peace River Arch, as well as the Gundy CK area. Its third core area is the Company’s exploration and production complex at Spirit River-Mulligan-Earring, Alberta. Its production in the complex is derived from oil and natural gas-charged reservoirs of the Triassic Charlie Lake and Montney formations, as well as the newly added Wapiti Cardium formation.

Key Statistics of Tourmaline Oil Corp (TOU.TO)

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

Today's Range

CAD66.21CAD67.58

Today's Open

CAD66.96

Volume

1.91M

P/E Ratio (TTM)

97.05

52 Week Range

CAD56.72CAD70.57

Market Cap

25.89B

Avg. Volume

2.40M

Dividend Yield

4.95%

Financial Metrics & Statements of Tourmaline Oil Corp (TOU.TO)

FAQ's for Tourmaline Oil Corp (TOU.TO)

According to Musaffa’s Shariah screening methodology, Tourmaline Oil Corp (TOU.TO) is currently classified as NOT HALAL as of March 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.