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Is Trio Petroleum Corp Stock Halal?
Shariah Compliance Analysis of TPET Stock
United States Energy Nano Cap No. As of November 2026, Trio Petroleum Corp (TPET) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Trio Petroleum Corp does not pass Musaffa's business and financial screening criteria.
Trio Petroleum Corp. engages in the exploration and development of oil and gas properties. The company is headquartered in Bakersfield, California and currently employs 1 full-time employees. The company went IPO on 2023-04-18. Its projects include South Salinas, Asphalt Ridge and McCool Ranch. In Monterey County, Trio owns an approximately 85.75% working interest in 9,300 acres at the Presidents and Humpback oilfields in the South Salinas Project, and an approximately 22% working interest in 800 acres in the McCool Ranch Field. The company is developing the Asphalt Ridge project, one of the Heavy Oil and Tar Sand accumulations in North America. In the Asphalt Ridge project, the Company holds an approximately 2.25% working interest of 960 acres. Asphalt Ridge is a northwest-southeast trending topographic feature that crops-out along the northeast flank of the Uintah Basin. Trio LLC is a licensed operator in California and operates the South Salinas Project and the McCool Ranch Oil Field on behalf of the Company. The company owns a mineral lease covering a quarter section located at NW 7-50-1W4 in Alberta.
TPET Shariah Compliance
Screening Methodology: AAOIFI
As of November 2026, Trio Petroleum Corp is classified as not halal.
NOT HALALTrio Petroleum Corp (TPET) Chart
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Financial Metrics & Statements of Trio Petroleum Corp (TPET)
FAQ's for Trio Petroleum Corp (TPET)
- As of November 2026, Trio Petroleum Corp TPET 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 Trio Petroleum Corp using these criteria to determine its compliance status.
- Muslim investors may consider investing in Trio Petroleum 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.
- Musaffa determines the Shariah status of Trio Petroleum Corp 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 Trio Petroleum Corp 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 Trio Petroleum Corp 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 Trio Petroleum Corp (TPET)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
