Is Paramount Resources (POU) halal?
Paramount Resources (TSX: POU) is an oil and gas producer — a permissible business — with zero drawn debt (0% debt-to-market-cap) and interest income of C$3.9 million on C$260.7 million of revenue (about 1.50%): PASS.
The two-gate Shariah screen
Every screener on this site runs the same two gates: first, the business must be halal (no conventional insurance, banking, alcohol, gambling, weapons manufacturing, and the like); second, the financial ratios must clear (debt under roughly 33% of market cap, non-compliant income under roughly 5%).
Gate one: the business — permissible oil and gas production
Paramount Resources, based in Calgary, Alberta, is an independent Canadian oil and gas exploration and production company operating since 1978. Its principal properties are in Alberta: Willesden Green (liquids-rich Duvernay), Kaybob (Kaybob North Duvernay plus legacy assets), and Sinclair (Montney, sanctioned November 2025, plant startup expected Q4 2027). Q2 2026 sales volumes averaged 47,279 Boe/d (49% liquids). It also holds passive investments in securities (C$208.0 million carrying value at June 30, 2026). No haram business segments — the business gate passes.
Gate two: the ratios — both gates clear
At June 30, 2026 (Q2 2026 results, August 6, 2026): zero drawn debt — the C$500 million revolving credit facility (maturing December 15, 2029) and the C$250 million EDC term loan facility (maturing December 15, 2030) are both fully undrawn — and the company reports net cash of C$329.1 million (C$449.0 million of cash and equivalents). With a market cap of about C$4.23 billion (145.8 million shares at about C$29.04, September 29, 2026), debt is 0% of market cap — under the ~33% ceiling. Interest income was C$3.9 million against petroleum and natural gas revenue of C$260.7 million — about 1.50%, under the ~5% ceiling. (The MD&A also reports C$6.0 million of "dividend income and other"; combined with interest income, C$9.9 million is about 3.8% of revenue — still under the ceiling. Cash plus securities of C$657.0 million is about 15.5% of market cap, under the ~33% ceiling.)
What other screeners say
No coverage pages for Paramount Resources (POU) were found on Zoya, Musaffa, or ShariaPortfolio in targeted searches.
The bottom line
This screener gives Paramount Resources (TSX: POU) a PASS. A permissible oil and gas business, zero debt, and interest income at about 1.50% of revenue — both ratio gates clear. Snapshot dated September 29, 2026; re-checked quarterly after earnings.
Sources
Frequently asked questions
Is Paramount Resources halal?
This screener gives it a PASS. Paramount Resources (TSX: POU) is an oil and gas producer — a permissible business — with zero drawn debt (0% debt-to-market-cap) and interest income of C$3.9 million on C$260.7 million of revenue (about 1.50%), under the ~5% ceiling. Consult a qualified scholar.
Why does Paramount Resources pass the Shariah screen?
Both gates clear. The business — oil and gas exploration and production — has no haram core. The Q2 2026 MD&A reports zero drawn debt (both credit facilities fully undrawn) against a market cap of about C$4.23 billion, and interest income of C$3.9 million on revenue of C$260.7 million — about 1.50%, vs the ~5% ceiling.
What are Paramount's debt and market-cap figures?
At June 30, 2026 (Q2 2026 results, August 6, 2026): zero drawn debt — the C$500 million revolving credit facility (maturing December 15, 2029) and the C$250 million EDC term loan facility (maturing December 15, 2030) are both fully undrawn, and the company reports net cash of C$329.1 million (C$449.0 million of cash and equivalents). Market cap is about C$4.23 billion (145.8 million shares at about C$29.04, September 29, 2026). Debt is 0% of market cap, under the ~33% ceiling.
What does Paramount Resources do?
Paramount Resources, based in Calgary, Alberta, is an independent Canadian oil and gas exploration and production company operating since 1978. Its principal properties are in Alberta: Willesden Green (liquids-rich Duvernay), Kaybob (Kaybob North Duvernay plus legacy assets), and Sinclair (Montney, sanctioned November 2025, plant startup expected Q4 2027). Q2 2026 sales volumes averaged 47,279 Boe/d (49% liquids). It also holds passive investments in securities (C$208.0 million carrying value at June 30, 2026). No haram business segments — the business gate passes.
What do Zoya, Musaffa, and ShariaPortfolio say about POU?
No coverage pages for Paramount Resources (POU) were found on Zoya, Musaffa, or ShariaPortfolio in targeted searches.