Is OGE halal?
OGE Energy Corp
Not halal
OGE Energy Corp did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NYSE
Price
47.53
Day
+1.02%
Market cap
$9.84B
Industry
Utilities - Regulated Electric
Sector
Utilities
What the company does
OGE Energy is the parent of Oklahoma Gas & Electric, an electric utility serving over 900,000 customers in Oklahoma and Arkansas. Revenue comes from regulated electricity rates.
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 $5.84B ÷ 36-month average market cap $8.53B = 68.5%
68.5%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $900K ÷ 36-month average market cap $8.53B = 0.0%
0.0%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
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: $9.84B.
For information (AAOIFI 3/1 note): cash + receivables are 3.1% 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
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
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- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
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.