Suncor Energy Inc. (SU) - Halal (Shariah-Compliant)
Suncor Energy Inc. (SU) 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 Integrated
- Result
- Pass
- Reason
- The sector "Energy" and industry "Oil & Gas Integrated" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 19.9% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 7.3% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.01%.Based on the company's financial statements, approximately 0.01% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.01% of total income). Some scholars may differ on the exact calculation method.
About Suncor Energy Inc.
Suncor Energy Inc. operates as an integrated energy company in Canada, the United States, and internationally. The company operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment produces bitumen; and markets, supplies, and transports and manages crude oil, power, and byproducts. The Exploration and Production segment is involved in the offshore operations on the east coast of Canada, and onshore assets in Libya and Syria; and marketing and risk management of crude oil. The Refining and Marketing segment refines and supplies crude oil and intermediate feedstock into a range of petroleum and petrochemical products, as well as sells refined petroleum products to retail customers. This segment is also involved in the trading of crude oil and refined products, natural gas, and power. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1917 and is headquartered in Calgary, Canada.
Frequently Asked Questions
Is Suncor Energy Inc. (SU) stock halal to invest in?
According to AAOIFI Shariah screening standards, Suncor Energy Inc. (SU) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.

