What is Northern Oil and Gas, Inc.'s Shariah compliance score?

Northern Oil and Gas, Inc.'s (NOG) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Northern Oil and Gas, Inc. pass AAOIFI screening?

Northern Oil and Gas, Inc. (NOG) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (NOG: 117.7%), (3) interest-bearing deposits below 30% (NOG: 0.7%), and (4) prohibited income below 5% (NOG: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Northern Oil and Gas, Inc. stock?

Northern Oil and Gas, Inc. (NOG) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NOG shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Northern Oil and Gas, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Northern Oil and Gas, Inc. (NOG) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about NOG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Northern Oil and Gas, Inc. (NOG) halal? Not Halal. Based on AAOIFI screening, Northern Oil and Gas, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

NOG: Is Northern Oil and Gas, Inc. Halal?

Not Halal

Northern Oil and Gas, Inc.

NYSEEnergyUS

$22.04

-1.48%

AvoidBorderlineClean

About Northern Oil and Gas, Inc.

Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States. As of December 31, 2021, it owned working interests in 7,436 gross producing wells; and had proved reserves of 287,682 million barrels of oil equivalent. The company is based in Minnetonka, Minnesota.

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

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

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

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap117.7% / 30.0%

Compliance History

Not 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

Financial Overview

Market Cap

2.3B

Price

$22.04

Sector

Energy

Industry

Oil & Gas Exploration & Production

Halal Alternatives in Energy

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Frequently Asked Questions

Is Northern Oil and Gas, Inc. (NOG) halal to invest in?

Northern Oil and Gas, Inc. (NOG) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Northern Oil and Gas, Inc. get a F compliance rating?

Northern Oil and Gas, Inc. (NOG) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 117.7% (limit 30%); interest-bearing deposits of 0.7% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Northern Oil and Gas, Inc.'s Shariah verdict?

Northern Oil and Gas, Inc.'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 Northern Oil and Gas, Inc. re-screened for Shariah compliance?

Northern Oil and Gas, Inc. (NOG) 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 · 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.