Is Targa Resources Corp. (TRGP) halal? Doubtful. Based on AAOIFI screening, Targa Resources Corp. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 73/100 (Grade: B+).
TRGP — Is Targa Resources Corp. Halal?
DoubtfulTarga Resources Corp.
$254.28
-0.29%
Why This Stock Is Doubtful
- Debt-to-market-cap ratio is 29.3% — approaching the 30% AAOIFI limit
Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.
Shariah Compliance Status
Based on AAOIFI screening standards
Good
Good compliance with minor concerns
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
PassedFinancial ratios must be below AAOIFI thresholds
Purify Your TRGP Dividends
0.5% non-compliant incomeTRGP has 0.5% prohibited income. Calculate exactly how much of your dividends to donate.
Financial Overview
Market Cap
54.7B
Price
$254.28
Sector
Energy
Industry
Oil & Gas Midstream
More Energy Stocks
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Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.