ENI S.p.A. (E) - Not Halal (Non-Compliant)
ENI S.p.A. (E) is classified as Not Halal (Non-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 Integrated
- Result
- Pass
- Reason
- The sector "Energy" and industry "Oil & Gas Integrated" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 76.4% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 31.2% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 8.5% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 8.53%.Based on the company's financial statements, approximately 8.53% of dividend income should be donated to charity for purification. This is derived from identified interest income (8.53% of total income). Some scholars may differ on the exact calculation method.
About ENI S.p.A.
Eni S.p.A. operates as an integrated energy company in Italy, Other European Union, Rest of Europe, the United States, Asia, Africa, and internationally. The company engages in exploration, development, extracting, manufacturing, trading, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. The company operates through Exploration & Production; Global Gas & LNG Portfolio and Power; Refining and Chemicals; Enilive; Plenitude; and Corporate and Other Activities segments. The company engages in research, development, and production of oil, condensates, and natural gas. It is also involved in the supply and sale of wholesale natural gas through pipelines; electricity; and international transport, and purchase and marketing of liquefied natural gas. In addition, the company supplies bio-feedstock and crude oil; and stores, produces, distributes, and markets biofuels, oil products, biomethane, basic chemical and petrochemical products, intermediates, plastics and elastomers, and other chemicals, as well as provides smart mobility solutions and services. Further, the company engages in the retail marketing of gas, power, and related services; production and wholesale sale of electricity from renewable plants; and building and managing a network of charging points for electric vehicles. Eni S.p.A. was founded in 1953 and is headquartered in Rome, Italy.

