Is VIVK (Vivakor, Inc.) Halal or Haram?
Although Vivakor's environmental and energy operations pass the business activity screen, the stock fails AAOIFI financial guidelines due to extreme debt levels. Specifically, its debt-to-market cap ratio sits at an alarming 5450.1%, far above the 33% threshold, and its cash-to-market cap ratio of 79.4% also breaches compliance limits.
Price Chart (5D)
VIVK — Last 7 Days
| Date | Open | High | Low | Close | Volume | Change |
|---|---|---|---|---|---|---|
| 2026-06-09 | 0.61 | 0.94 | 0.46 | 0.55 | 5.3M | -10.00% |
| 2026-06-08 | 0.72 | 0.72 | 0.60 | 0.63 | 691K | -12.50% |
| 2026-06-05 | 0.76 | 0.76 | 0.63 | 0.70 | 1.7M | -7.80% |
| 2026-06-04 | 0.86 | 1.14 | 0.71 | 0.85 | 34.8M | -1.73% |
| 2026-06-03 | 1.33 | 1.34 | 1.25 | 1.32 | 34K | -0.75% |
| 2026-06-02 | 1.27 | 1.34 | 1.27 | 1.32 | 24K | +3.94% |
| 2026-06-01 | 1.35 | 1.36 | 1.27 | 1.35 | 36K | +0.00% |
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Shariah Screening Details for VIVK
Business Activity
Permissible
Vivakor's core business of soil remediation and hydrocarbon extraction is permissible under Islamic principles, as it provides environmental cleanup and clean energy solutions without engaging in haram activities.
Debt / Market Cap
5450.14%
Interest Income
0.07%
Cash & Securities
79.37%
About Vivakor, Inc. (VIVK)
Vivakor, Inc. specializes in clean energy technologies and environmental solutions, focusing primarily on soil remediation in the United States and Kuwait. The company extracts hydrocarbons, such as heavy crude oil, from contaminated soils, turning environmental cleanup into usable energy resources.
For Muslim investors, Vivakor is currently classified as Not Halal (Haram) based on AAOIFI screening standards. While its core business of environmental remediation is perfectly permissible, the company fails critical financial screens that prevent it from being a shariah-compliant investment.
The primary concern for Islamic investors is Vivakor's severe debt load, with a debt-to-market cap ratio reaching an extreme 5450.1%, drastically exceeding the 33% limit. Additionally, the company's cash and interest-bearing securities account for 79.4% of its market cap, further violating Islamic finance guidelines regarding liquid assets.
Because the failure is purely financial rather than operational, Muslim investors should avoid the stock for now but could monitor it in the future. However, given the extreme nature of the debt ratio, achieving compliance would require a massive restructuring of the company's balance sheet.
VIVK Key Financial Statistics
Revenue
$104.4M
Net Income
$-110.2M
EPS (Diluted)
$-318.01
Stock Price
2.64
Beta
0.83
52-Week Range
0.0141-251.9729
Total Debt
$35.2M
Total Equity
$41.3M
Current Ratio
0.13
VIVK Financial Health & Profitability
Profit Margins
Revenue Growth (YoY)
+16.3%
Prior year: $89.8M
Net Debt
$35.0M
Cash: $265,019 — Debt: $35.2M
Frequently Asked Questions About VIVK
Is VIVK (Vivakor, Inc.) stock halal to invest in?▾
What does Vivakor, Inc. do?▾
What screening criteria were used for VIVK?▾
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Disclaimer
This shariah compliance assessment for VIVK (Vivakor, Inc.) is provided for informational purposes only and does not constitute financial, investment, or religious advice. Screening criteria are based on widely accepted AAOIFI standards, but individual scholars may differ in their opinions. Always consult with a qualified Islamic scholar and licensed financial advisor before making investment decisions. Past screening status does not guarantee future compliance. Last screened: 2026-04-27.
