Is EXE halal?
Expand Energy Corporation
Halal
Expand Energy Corporation passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NASDAQ
Price
93.41
Day
+2.87%
Market cap
$21.94B
Industry
Oil & Gas E&P
Sector
Energy
What the company does
Expand Energy (the Chesapeake–Southwestern merger) is one of the largest US natural-gas producers (Appalachian and Haynesville basins). Its money comes from gas sales.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $3.69B ÷ 36-month average market cap $19.94B = 18.5%
18.5%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $663.00M ÷ 36-month average market cap $19.94B = 3.3%
3.3%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $7.00M ÷ annual revenue $4.22B (2024) = 0.2%
0.2%
Pass
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $21.94B.
For information (AAOIFI 3/1 note): cash + receivables are 6.3% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- 0.03% weight · #372 of 503
- Among halal stocks
- 0.03% · #272 of 1455
- Held by funds
- HLAL 0.06%
- Dividend
- 3.59% · purify 0.2% · net 3.59%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $91.19
- Howard MarksOaktree Capital Management$477.6M12.6%
Exited this quarter: First Eagle Investment Management, Lee Ainslie
All superinvestor portfoliosHalal stocks in the same industry
The largest halal stocks in Oil & Gas E&P — for comparison.
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.