Is CNQ halal?
Canadian Natural Resources Limi
Halal
Canadian Natural Resources Limi passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NYSE
Price
51.95
Day
+0.25%
Market cap
$107.83B
Industry
Oil & Gas E&P
Sector
Energy
What the company does
Canadian Natural Resources is Canada's largest oil and gas producer: oil sands (Horizon, Athabasca), heavy and light crude, and natural gas. Its money comes from oil and gas sales.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $12.07B ÷ 36-month average market cap $74.14B = 16.3%
16.3%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $1.84B ÷ 36-month average market cap $74.14B = 2.5%
2.5%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $144.38M ÷ annual revenue $31.11B (2025) = 0.5%
0.5%
Pass
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $107.83B.
For information (AAOIFI 3/1 note): cash + receivables are 8.2% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Among halal stocks
- 0.16% · #87 of 1454
- Held by funds
- UMMA 0.97%
- Dividend
- 4.80% · purify 0.5% · net 4.78%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 3 superinvestors · Average reported price: $39.50
- Yacktman Asset Management$650.3M8.0%
- Lee AinslieMaverick Capital$1.9M0.0%
- Sarah KettererCauseway Capital Management$728K0.0%
Exited this quarter: John Armitage
All superinvestor portfoliosHalal stocks in the same industry
The largest halal stocks in Oil & Gas E&P — for comparison.
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- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.