Compliance Status

Not Halal

Screened on Oct 18, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates Eni S.p.A. (E) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 18, 2026. Source: https://halalscreener.app/en/stock/E

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%.

48.3% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding E

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Eni S.p.A.

E: Is Eni S.p.A. Halal?

Eni S.p.A.

NYSEEnergyIT

$59.10

Market Cap: 86.1B

Screened on a market cap of 76.6B

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About Eni S.p.A.

Eni S.p.A. is an international energy company primarily engaged in the discovery, development, and extraction of crude oil and natural gas resources. Its operations are organized into distinct divisions: Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Plenitude and Power; and Corporate and Other activities. The Exploration & Production division is responsible for the research, development, and output of oil, condensates, and natural gas, additionally undertaking initiatives in forestry conservation and carbon dioxide capture and storage. Its Global Gas & LNG Portfolio division oversees the procurement and wholesale distribution of natural gas via pipelines, including international transport, along with the acquisition and sale of liquefied natural gas (LNG). The Refining & Marketing and Chemicals segment manages the processing, supply, distribution, and commercialization of various fuels and chemical products. The Plenitude and Power segment, formerly known as Eni gas e luce, handles the retail provision of gas and electricity, alongside related services, and is involved in generating and wholesaling electricity from both thermoelectric and renewable power facilities. As of December 31, 2021, the company declared net proved reserves totaling 6,628 million barrels of oil equivalent and possessed an operational capacity of 4.5 gigawatts (GW). Established in 1953, Eni's corporate headquarters are situated in Rome, Italy.

Sector: Energy · Industry: Oil & Gas Integrated

Why this does not pass

  • Interest-bearing debt is 48.3% of market cap, over the 30% AAOIFI limit.
  • Income from prohibited sources is over the 5% limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 18, 2026

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PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

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: FMP

Halal Alternatives in Energy

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Frequently Asked Questions

Is Eni S.p.A. (E) halal to invest in?
Eni S.p.A. (E) 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 Eni S.p.A. get a F compliance rating?
Eni S.p.A. (E) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 48.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Eni S.p.A.'s Shariah verdict?
Eni S.p.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 Eni S.p.A. re-screened for Shariah compliance?
Eni S.p.A. (E) 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: Oct 18, 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.