Is Cosan S.A. (CSAN) halal? Not Halal. Based on AAOIFI screening, Cosan S.A. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Cosan S.A. logo

CSAN — Is Cosan S.A. Halal?

Not Halal

Cosan S.A.

NYSEEnergyBR

$3.07

+0.33%

About Cosan S.A.

Cosan S.A., through its subsidiaries, primarily engages in the fuel distribution business in Brazil, Europe, Latin America, North America, Asia, and internationally. The company's Raízen segment distributes and markets fuels through a franchised network of service stations under the Shell brand; engages in the petroleum refining; operation of convenience stores; manufacture and sale of automotive and industrial lubricants; and production and sale of liquefied petroleum gas. This segment also markets various products derived from sugar cane, including raw sugar, and anhydrous and hydrated ethanol, as well as engages in activities related to energy cogeneration from sugarcane bagasse; sale of electricity; and holds interests in companies involved in research and development on new technology. The company's Gas and Power segment distributes piped natural gas to customers in the industrial, residential, commercial, automotive, and cogeneration sectors; and engages in purchase and sale of electricity to other traders. Its Moove segment produces and distributes lubricants under the Mobil and Comma brands. The company's Logistics segment provides logistics services for rail transportation, storage and port loading of commodities, including grains and sugar; and leases locomotives, wagons, and another railroad equipment. Its Cosan Investments segment manages agricultural, mining, and logistics projects; and invests in climate tech fund. Cosan S.A. was founded in 1936 and is headquartered in São Paulo, Brazil.

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

Shariah Compliance Status

Based on AAOIFI screening standards

F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap2348.6% / 30.0%

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.

Screened: Jun 3, 2026Fiscal: 2025-FYSource: FMP

Financial Overview

Market Cap

3.0B

Price

$3.07

Sector

Energy

Industry

Oil & Gas Refining & Marketing

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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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.