CANADIAN NATIONAL RAILWAY CO. (CNR.TO) - Halal (Shariah-Compliant)
CANADIAN NATIONAL RAILWAY CO. (CNR.TO) 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
- Industrials
- Industry
- Railroads
- Result
- Pass
- Reason
- The sector "Industrials" and industry "Railroads" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 27.6% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 0.3% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.00%.No non-permissible income detected in the financial statements, so this calculation finds nothing to purify based on available data.
About CANADIAN NATIONAL RAILWAY CO.
Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and related transportation businesses in Canada and the United States. The company provides rail services, which include equipment, customs brokerage, transloading and warehousing, business development, dimensional loads, and private railcar storage, less-than-truckload, and mexico services; intermodal services, such as temperature controlled multimodal, mobile transport trays, port partnerships, transloading and distribution, logistics parks, trucking, and supply chain services. It also offers connecting to rail, short lines, maps and network services. The company serves automotive, coal, fertilizers, temperature controlled cargo, forest products, dimensional, grain, metal and minerals, petroleum and chemicals, consumer goods, and third party logistics applications. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada.
Frequently Asked Questions
Is CANADIAN NATIONAL RAILWAY CO. (CNR.TO) stock halal to invest in?
According to AAOIFI Shariah screening standards, CANADIAN NATIONAL RAILWAY CO. (CNR.TO) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
