Halal Energy Stocks
Oil, gas, and renewable energy companies. The energy sector is generally permissible in Islamic finance as it deals with tangible assets and essential commodities. However, financial ratio screening is important as some energy companies carry significant debt.
Energy Shariah Compliance Results
20 stocks from the Energy sector. Compliance data loads on first visit.
| Symbol | Company | Status |
|---|---|---|
| XOM | Exxon Mobil Corporation | -- |
| CVX | Chevron Corporation | -- |
| COP | ConocoPhillips | -- |
| EOG | EOG Resources Inc. | -- |
| SLB | Schlumberger Limited | -- |
| MPC | Marathon Petroleum Corporation | -- |
| PSX | Phillips 66 | -- |
| VLO | Valero Energy Corporation | -- |
| OXY | Occidental Petroleum Corporation | -- |
| PXD | PXD | -- |
| HES | HES | -- |
| DVN | Devon Energy Corporation | -- |
| FANG | Diamondback Energy Inc. | -- |
| HAL | Halliburton Company | -- |
| BKR | Baker Hughes Company | -- |
| SHEL.L | Shell plc | -- |
| BP.L | BP plc | -- |
| ENB.TO | ENB.TO | -- |
| SU.TO | SU.TO | -- |
| CNQ.TO | CNQ.TO | -- |
Frequently Asked Questions
Which Energy stocks are halal?
Halalytic screens Energy stocks using the AAOIFI 30/30/5 standard. The screening evaluates each company's business activity and three financial ratios: debt-to-market-cap (< 30%), cash-to-market-cap (< 30%), and non-permissible income-to-revenue (< 5%). Visit the individual stock pages for current compliance status.
Is the Energy sector halal to invest in?
The Energy & Oil sector is not inherently halal or haram as a whole. Each company must be individually screened against Shariah compliance standards. Some Energy companies pass all AAOIFI criteria while others fail due to excessive debt, cash holdings, or non-permissible income. Always screen individual stocks before investing.
What is the AAOIFI 30/30/5 screening standard?
The AAOIFI 30/30/5 standard is the most widely adopted Shariah screening methodology. It requires: (1) the company does not primarily operate in haram industries, (2) interest-bearing debt is below 30% of market capitalization, (3) cash and interest-bearing securities are below 30% of market cap, and (4) non-permissible income is below 5% of total revenue. A stock must pass all four criteria to be considered Shariah compliant.
Can a Energy stock's halal status change?
Yes. Shariah compliance status can change every quarter when companies release new financial data. Changes in debt levels, cash holdings, or revenue composition can push a stock above or below the AAOIFI thresholds. Halalytic uses the latest available financial data so you always see the current compliance status. We recommend checking compliance regularly, especially after earnings reports.
Do I need to pay zakat on Energy stocks?
Yes. If you hold stocks for investment (not just for day trading), you must pay zakat of 2.5% on the market value of your holdings once they exceed the nisab threshold and have been held for one full lunar year (hawl). Use the Halalytic Zakat Calculator to determine your exact zakat obligation on stock holdings.
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Disclaimer: Compliance status changes over time. Always verify current data. Automated screening is a helpful tool but does not replace scholarly review. Cross-reference results with qualified Shariah advisors.
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