Is California Resources Corporation (CRC) halal? Halal. Based on AAOIFI screening, California Resources Corporation passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 77/100 (Grade: B+).

California Resources Corporation

CRC: Is California Resources Corporation Halal?

Halal

California Resources Corporation

NYSEEnergyUS

$61.71

+0.18%

Purify ~0.4% of income

About California Resources Corporation

California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. As of December 31, 2021, it had interests in approximately 1.9 million net mineral acres with proved reserves totaled an estimated 480 million barrels of oil equivalent. The company also engages in the generation and sale of electricity to the local utility and the grid. The company was incorporated in 2014 and is based in Santa Clarita, California.

Sector: Energy 路 Industry: Oil & Gas Exploration & Production

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026
B+

Good

Good compliance with minor concerns

77Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap23.0% / 30.0%

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 18, 2026Fiscal: Q1 2026Source: EDGAR

Purify Your CRC Dividends

0.4% non-compliant income

CRC has 0.4% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

5.5B

Price

$61.71

Sector

Energy

Industry

Oil & Gas Exploration & Production

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Frequently Asked Questions

Is California Resources Corporation (CRC) halal to invest in?
Based on AAOIFI Standard 21 screening, California Resources Corporation (CRC) is rated Halal with a compliance grade of B+ (Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did California Resources Corporation get a B+ compliance rating?
California Resources Corporation (CRC) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 23.0% (limit 30%); interest-bearing deposits of 2.7% (limit 30%); prohibited income of 0.37% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change California Resources Corporation's Shariah verdict?
California Resources Corporation's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is California Resources Corporation re-screened for Shariah compliance?
California Resources Corporation (CRC) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 18, 2026.

Screened according to AAOIFI Standard No. 21 路 For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.