Is Oil & Gas Development Company Limited (OGDC) Sharia-Compliant (Halal)? June 2026 Screening
Oil & Gas Development Company Limited (OGDC) in the Oil & Gas Exploration Companies sector is considered Sharia-compliant (halal) based on the latest KMI All-Share screen.
It is included in the KMI All-Share Index of Sharia-compliant companies, so it passed both the business-activity test and the Sharia financial ratios at the latest review.
Oil & Gas Development Company Limited is a Pakistan Stock Exchange-listed company in the Oil & Gas Exploration Companies sector. A stock's halal (Sharia) status depends on its business activity and financial ratios, not its share price or popularity.
What this means
The KMI All-Share Index is the Pakistan Stock Exchange's reference list of Sharia-compliant companies. A stock is included only if its business is permissible under Islamic principles and it passes the financial screens, primarily a low ratio of interest-bearing debt tomarket capitalisation and a negligible share of income from non-compliant sources. OGDC currently meets these criteria.
Reference: KMI All-Share screen, notice PSX/N-659, effective 2026-06-05.
Track OGDC and screen any stock free
Screen any PSX or US stock for Sharia compliance, track your portfolio, and get weekly AI picks, free.
Get started freeOther halal Oil & Gas Exploration Companies stocks on the PSX
Learn more
What makes a stock halal?
The two simple screens that decide if a stock is Sharia-compliant.
ReadWhat is halal investing?
A plain-English guide to investing the halal way.
ReadFull halal PSX list
Every Sharia-compliant company on the Pakistan Stock Exchange.
BrowseFrequently asked questions
Is OGDC halal to invest in?
Oil & Gas Development Company Limited (OGDC) is considered Sharia-compliant (halal) under the latest KMI All-Share screen (2026-06-05). It is included in the KMI All-Share Index of Sharia-compliant companies, so it passed both the business-activity test and the Sharia financial ratios at the latest review. Always re-check the current screen before investing.
How is OGDC screened for Sharia compliance?
OGDC is assessed on two tests: whether its core business is permissible, and whether its financials pass the Sharia ratios (interest-bearing debt below ~33% of market cap and non-compliant income below ~5%). The KMI All-Share Index applies these tests.
This page is educational and not financial advice. Sharia classification can change at each review, verify OGDC's current status on the official KMI screen before investing.