Canadian Natural Resources Limi (CNQ) - Halal (Shariah-Compliant)
Canadian Natural Resources Limi (CNQ) is classified as Halal (Shariah-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Energy
- Industry
- Oil & Gas E&P
- Result
- Pass
- Reason
- The sector "Energy" and industry "Oil & Gas E&P" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 17.4% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 2.7% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.4% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.41%.Based on the company's financial statements, approximately 0.41% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.41% of total income). Some scholars may differ on the exact calculation method.
About Canadian Natural Resources Limi
Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, primary heavy crude oil and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
Frequently Asked Questions
Is Canadian Natural Resources Limi (CNQ) stock halal to invest in?
According to AAOIFI Shariah screening standards, Canadian Natural Resources Limi (CNQ) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.

