Is Trio Petroleum Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Trio Petroleum Corp (TPET) is currently classified as NOT HALAL as of January 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 Trio Petroleum 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 Trio Petroleum Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Trio Petroleum Corp?

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.

Why is Trio Petroleum Corp classified as NOT HALAL?

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.

How often is the Shariah compliance for Trio Petroleum Corp updated?

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

Can a halal stock like Trio Petroleum 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 Trio Petroleum Corp?

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.

TPET Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 31, 2026

Report Source: 2025 Annual Report

Trio Petroleum Corp. Stock Analysis TPET

United States Energy Nano Cap Report: 2025 Annual

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.

Key Statistics of Trio Petroleum Corp (TPET)

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

Today's Range

$0.39$0.41

Today's Open

$0.40

Volume

3.36M

P/E Ratio (TTM)

52 Week Range

$0.36$2.50

Market Cap

17.34M

Avg. Volume

5.47M

Dividend Yield

Financial Metrics & Statements of Trio Petroleum Corp (TPET)

FAQ's for Trio Petroleum Corp (TPET)

According to Musaffa’s Shariah screening methodology, Trio Petroleum Corp (TPET) is currently classified as NOT HALAL as of January 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.