Is SHEL halal?
Shell PLC
Not halal
Shell PLC did not pass AAOIFI screening. The failed check is shown below.
Checked: 12 October 2026
Exchange
NYSE
Price
106.66
Day
+3.00%
Market cap
$285.74B
Industry
Oil & Gas Integrated
Sector
Energy
What the company does
Shell (UK) is an oil and gas major: it produces, refines, runs fuel stations and makes chemicals; it is the world leader in liquefied natural gas (LNG). Revenue comes from oil, gas and fuel 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 $73.08B ÷ 36-month average market cap (estimated) $209.46B = 34.9%
34.9%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $32.85B ÷ 36-month average market cap (estimated) $209.46B = 15.7%
15.7%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $2.07B ÷ annual revenue $266.89B (2025) = 0.8%
0.8%
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: $285.74B.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 5 superinvestors · Average reported price: $77.54
- Richard PzenaPzena Investment Management$200.1M0.6%
- First Eagle Investment Management$166.4M0.1%
- Christopher BloomstranSemper Augustus$385K0.0%
- Mairs & Power Funds$631K0.0%
- Dodge & Cox Funds$4.2M0.0%
Halal stocks in the same industry
The largest halal stocks in Oil & Gas Integrated — for comparison.
Related articles
- Halal investingBlogHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
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.