Is Zion Oil & Gas Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Zion Oil & Gas Inc (ZNOG) is currently classified as NOT HALAL as of July 2024. 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 Zion Oil & Gas Inc 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 Zion Oil & Gas Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Zion Oil & Gas Inc?

Muslim investors may consider investing in Zion Oil & Gas Inc 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 Zion Oil & Gas Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Zion Oil & Gas Inc 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 Zion Oil & Gas Inc updated?

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

Can a halal stock like Zion Oil & Gas Inc 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 Zion Oil & Gas Inc?

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

ZNOG Shariah Compliance

Screening Methodology: AAOIFI

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Last Updated: July 30, 2024

Report Source: 2024 1st Quarter Report

Zion Oil & Gas Inc. Stock Analysis ZNOG

United States Energy Small Cap Report: Q1, 2024

Zion Oil & Gas, Inc. engages in the exploration of oil and natural gas properties. The company is headquartered in Dallas, Texas and currently employs 20 full-time employees. The company went IPO on 2007-01-03. The firm holds Megiddo Valleys License 434 (NMVL 434), which lies onshore, south and west of the Sea of Galilee and allows for oil and gas exploration on approximately 75,000 acres or 302 square kilometers. Its wholly owned subsidiaries include Zion Drilling, Inc., which is focused on owning a drilling rig, related equipment and spare parts, and Zion Drilling Services, Inc., which acts as the contractor providing drilling services. The firm has not generated any revenues.

Key Statistics of Zion Oil & Gas Inc (ZNOG)

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

Today's Range

$0.38$0.39

Today's Open

$0.39

Volume

2.31M

P/E Ratio (TTM)

52 Week Range

$0.08$0.42

Market Cap

294.98M

Avg. Volume

2.56M

Dividend Yield

Financial Metrics & Statements of Zion Oil & Gas Inc (ZNOG)

FAQ's for Zion Oil & Gas Inc (ZNOG)

According to Musaffa’s Shariah screening methodology, Zion Oil & Gas Inc (ZNOG) is currently classified as NOT HALAL as of July 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.