As of August 2026, Zenith Energy Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Zenith Energy Ltd. Stock Analysis ZENAF
United States Energy Nano Cap
Zenith Energy Ltd. operates as an upstream international oil and gas company. The company is headquartered in Calgary, British Columbia and currently employs 8 full-time employees. The company went IPO on 2017-01-11. The company is focused on the development of energy production assets, as well as low-risk exploration activities in assets with existing production. Its subsidiary, Compagnie Du Desert Ltd (CDD), holds a 100% interest in the El Bibane and Robbana concessions in Tunisia. The company has a 98.64% shareholding in Canoel Italia S.r.l., which holds various working interests in over 13 onshore exploration and production properties in Italy. The company has a 99.87% shareholding in Leopard Energy Inc., which is engaged in software development. The firm has expanded its renewable energy footprint through the acquisition of development stage agrivoltaic solar projects in Italy's Piedmont region and increasing its solar development pipeline to over 163.5-megawatt peak (MWp). The company also owns over five MWp photovoltaic development project located in Puglia, Italy.
Zenith Energy Ltd (ZENAF) Chart
Financial Metrics & Statements of Zenith Energy Ltd (ZENAF)
FAQ's for Zenith Energy Ltd (ZENAF)
As of August 2026, Zenith Energy Ltd ZENAF 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 Zenith Energy Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Zenith Energy Ltd 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 Zenith Energy Ltd 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 Zenith Energy Ltd 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 Zenith Energy Ltd 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 Zenith Energy Ltd (ZENAF)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.