What is Canadian Natural Resources Limited's Shariah compliance score?

Canadian Natural Resources Limited (CNQ) has a Shariah compliance score of 79/100 (Grade: B+, Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Canadian Natural Resources Limited pass AAOIFI screening?

Canadian Natural Resources Limited (CNQ) passes 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% (CNQ: 22.1%), (3) interest-bearing deposits below 30% (CNQ: 0.8%), and (4) prohibited income below 5% (CNQ: 0.5%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Canadian Natural Resources Limited stock?

Canadian Natural Resources Limited (CNQ) has a non-permissible income ratio of 0.46%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CNQ shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Canadian Natural Resources Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Canadian Natural Resources Limited (CNQ) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about CNQ's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

CNQ: Is Canadian Natural Resources Limited Halal?

Canadian Natural Resources Limited

NYSEEnergyCA

$41.05

-3.23%

Market Cap: 85.6B

Compliance Status

Halal

Screened on Jul 13, 2026 · AAOIFI Standard 21

B+

Good

79Score

Is Canadian Natural Resources Limited (CNQ) halal? Halal. Based on AAOIFI screening, Canadian Natural Resources Limited passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 79/100 (Grade: B+).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Within the limit

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

22.1% of 30.0% limit

What this means for you

You can own CNQ

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

Purify 0.5% of your income from CNQ

That is about $0.50 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Canadian Natural Resources Limited

Canadian Natural Resources Limited (CNQ) is an integrated energy enterprise engaged across the full spectrum of upstream and downstream activities related to crude oil, natural gas, and natural gas liquids (NGLs), encompassing acquisition, exploration, development, production, marketing, and sales. Its diverse portfolio of hydrocarbon products encompasses synthetic crude oil (SCO), light and medium crude, bitumen (also known as thermal oil), along with both primary heavy crude oil and specialized Pelican Lake heavy crude. Beyond exploration and production, the company holds midstream and refining assets, notably comprising two crude oil pipeline networks and a half-interest (50% working interest) in an 84-megawatt cogeneration facility situated at Primrose. As of December 31, 2020, CNQ reported substantial reserves. Its proved crude oil, bitumen, and NGLs reserves amounted to 10,528 million barrels (MMbbl), escalating to 13,271 MMbbl when probable reserves are included. Proved synthetic crude oil (SCO) reserves stood at 6,998 MMbbl, with total proved plus probable SCO reserves reaching 7,535 MMbbl. Furthermore, the company's proved natural gas reserves were recorded at 12,168 billion cubic feet (Bcf), expanding to 20,249 Bcf on a proved plus probable basis. Geographically, its operations are concentrated in key regions, including Western Canada, the United Kingdom's North Sea sector, and offshore West Africa. The entity, incorporated in 1973, was originally known as AEX Minerals Corporation before adopting the name Canadian Natural Resources Limited in December 1975. Its corporate headquarters are located in Calgary, Canada.

Sector: Energy · Industry: Oil & Gas Exploration & Production

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 13, 2026

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

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Frequently Asked Questions

Is Canadian Natural Resources Limited (CNQ) halal to invest in?

Based on AAOIFI Standard 21 screening, Canadian Natural Resources Limited (CNQ) is rated Halal with a compliance grade of B+ (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 Canadian Natural Resources Limited get a B+ compliance rating?

Canadian Natural Resources Limited (CNQ) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 22.1% (limit 30%); interest-bearing deposits of 0.8% (limit 30%); prohibited income of 0.46% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Canadian Natural Resources Limited's Shariah verdict?

Canadian Natural Resources Limited'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 Canadian Natural Resources Limited re-screened for Shariah compliance?

Canadian Natural Resources Limited (CNQ) 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 13, 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.