What is Clean Energy Fuels Corp.'s Shariah compliance score?

Clean Energy Fuels Corp.'s (CLNE) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Clean Energy Fuels Corp. pass AAOIFI screening?

Clean Energy Fuels Corp. (CLNE) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (CLNE: 60.5%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Clean Energy Fuels Corp. stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Clean Energy Fuels Corp. (CLNE) using the latest financial data.

Where can I screen Clean Energy Fuels Corp. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Clean Energy Fuels Corp. (CLNE) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about CLNE's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

CLNE: Is Clean Energy Fuels Corp. Halal?

Clean Energy Fuels Corp.

NASDAQEnergyUS

$1.62

+3.18%

Market Cap: 356.8M

Compliance Status

Not Halal

Screened on Sep 3, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Clean Energy Fuels Corp. (CLNE) halal? Not Halal. Based on AAOIFI screening, Clean Energy Fuels Corp. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Clean Energy Fuels Corp. (CLNE) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 3, 2026. Source: https://halalscreener.app/en/stock/CLNE

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

60.5% of 30.0% limit

What this means for you

Most scholars advise not holding CLNE

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Clean Energy Fuels Corp.

Clean Energy Fuels Corp. specializes in providing natural gas as an alternative fuel source and comprehensive fueling infrastructure, primarily serving markets in the United States and Canada. The company supplies various forms of natural gas, including bio-based renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG), specifically for medium and heavy-duty transportation. Beyond fuel delivery, Clean Energy Fuels offers full-spectrum services for fueling stations, encompassing their design, construction, operation, and ongoing maintenance for both public and private vehicle fleet clients. It also sells and services essential equipment, such as compressors, vital for RNG production and fueling facilities. The company facilitates the distribution and sale of CNG, RNG, and LNG via virtual natural gas pipelines and interconnected systems. In addition to its core operations, Clean Energy Fuels actively participates in the environmental credit market. It sells U.S. federal, state, and local government credits—like Renewable Identification Numbers (RINs) and Low Carbon Fuel Standards (LCFS) credits—generated from the use of RNG as vehicle fuel. Concurrently, it secures grants, credits, and incentives from these governmental entities. A strategic initiative for the company involves the development, ownership, and operation of projects focused on producing RNG from dairy and other livestock waste. Its diverse clientele includes heavy-duty trucking, airports, waste management, public transit, industrial users, institutional energy consumers, and government fleets. As of December 31, 2021, Clean Energy Fuels served approximately 1,000 fleet customers, supporting around 48,000 vehicles. Its expansive network included roughly 548 fueling stations across 42 U.S. states and an additional 25 stations in Canada, which it either owned, operated, or supplied. Clean Energy Fuels Corp. was established in 2001 and is headquartered in Newport Beach, California.

Sector: Energy · Industry: Oil & Gas Refining & Marketing

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 3, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Energy

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is Clean Energy Fuels Corp. (CLNE) halal to invest in?

Clean Energy Fuels Corp. (CLNE) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Clean Energy Fuels Corp. get a F compliance rating?

Clean Energy Fuels Corp. (CLNE) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 60.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Clean Energy Fuels Corp.'s Shariah verdict?

Clean Energy Fuels Corp.'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 Clean Energy Fuels Corp. re-screened for Shariah compliance?

Clean Energy Fuels Corp. (CLNE) 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: Sep 3, 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.