Is TS halal?
Tenaris S.A.
Halal
Tenaris S.A. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NYSE
Price
59.39
Day
+3.74%
Market cap
$29.37B
Industry
Oil & Gas Equipment & Services
Sector
Energy
What the company does
Tenaris (Luxembourg/Argentina) is the world's leading maker of steel pipes for oil and gas wells (OCTG). Customers are oil companies; its money comes from pipe 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 $446.95M ÷ 36-month average market cap (estimated) $20.41B = 2.2%
2.2%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $3.86B ÷ 36-month average market cap (estimated) $20.41B = 18.9%
18.9%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $228.37M ÷ annual revenue $11.98B (2025) = 1.9%
1.9%
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: $29.37B.
For information (AAOIFI 3/1 note): cash + receivables are 26.1% 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
- 0.04% · #229 of 1454
- Held by funds
- SPWO 0.05%
- Dividend
- 2.03% · purify 1.9% · net 1.99%
Halal stocks in the same industry
The largest halal stocks in Oil & Gas Equipment & Services — for comparison.
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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.