L'Air Liquide S.A.

AIQUY: Is L'Air Liquide S.A. Halal?

L'Air Liquide S.A.

OTCBasic MaterialsFR

$39.85

-1.09%

Market Cap: 126.7B

Compliance Status

Halal

Screened on Jul 24, 2026 · AAOIFI Standard 21

A

Very Good

86Score

Is L'Air Liquide S.A. (AIQUY) halal? Halal. Based on AAOIFI screening, L'Air Liquide S.A. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 86/100 (Grade: A).

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

12.2% of 30.0% limit

What this means for you

You can own AIQUY

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

No purification owed

Based on the latest screening, none of its income comes from prohibited sources.

About L'Air Liquide S.A.

L'Air Liquide S.A., established in Paris, France, in 1902, is a worldwide leader in providing essential industrial and medical gases, cutting-edge technologies, and specialized services. Its operations extend across Europe, the Americas, Asia Pacific, the Middle East, and Africa. Through its Gas & Services division, the company delivers fundamental industrial gases, including oxygen, nitrogen, argon, hydrogen, and carbon monoxide, to heavy industries such as metallurgy, chemical processing, refining, and energy. This segment also provides a broad array of gases, application-specific equipment, and associated support to diverse sectors like materials and energy, automotive, manufacturing, food and pharmaceuticals, technology and research, as well as independent businesses and retailers. In the healthcare domain, L'Air Liquide furnishes medical gases, hygiene products, vital equipment, and care services to hospitals and for patients receiving home care. Additionally, it manufactures and distributes specialized healthcare ingredients essential for the cosmetics, pharmaceutical, and vaccine markets. Crucially, it supplies gases, materials, and services integral to the production of semiconductors, flat panel displays, and photovoltaic cells. The Engineering & Construction arm focuses on the design, development, and construction of industrial gas production facilities, both for internal use and for external clients. It further specializes in designing and building plants tailored for various energy sectors, encompassing traditional, renewable, and alternative sources. Finally, the Global Markets & Technologies segment is dedicated to developing and deploying advanced technological solutions, including specialized molecules, equipment, and services. These innovations primarily support the global energy transition, with a strong focus on sustainable transport, energy generation, and waste valorization. This segment also engages in deep technological ventures, aiding endeavors in space exploration, aerospace, and large-scale scientific initiatives. Committed to fostering clean mobility, it invests in biomethane production facilities and establishes distribution networks for natural bio-gas for vehicles and hydrogen for transport. Furthermore, it manages biomethane production specifically for the maritime industry and supplies gases to offshore oil and gas platforms, wind turbines, and for cryogenic shipping operations.

Sector: Basic Materials · Industry: Chemicals - Specialty

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 24, 2026

Compliance History

Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

Tracked since Jun 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP-ADR
Free · No credit card required

Track AIQUY and 10,000+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is L'Air Liquide S.A. (AIQUY) halal to invest in?
Based on AAOIFI Standard 21 screening, L'Air Liquide S.A. (AIQUY) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did L'Air Liquide S.A. get a A compliance rating?
L'Air Liquide S.A. (AIQUY) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 12.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change L'Air Liquide S.A.'s Shariah verdict?
L'Air Liquide S.A.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is L'Air Liquide S.A. re-screened for Shariah compliance?
L'Air Liquide S.A. (AIQUY) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 24, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

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.