What is Icahn Enterprises L.P.'s Shariah compliance score?

Icahn Enterprises L.P.'s (IEP) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Icahn Enterprises L.P. pass AAOIFI screening?

Icahn Enterprises L.P. (IEP) 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% (IEP: 131.4%), (3) interest-bearing deposits below 30% (IEP: 28.8%), and (4) prohibited income below 5% (IEP: 4.4%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Icahn Enterprises L.P. stock?

Icahn Enterprises L.P. (IEP) has a non-permissible income ratio of 4.45%. Muslim investors should purify this percentage of any dividends received and capital gains realized from IEP 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 Icahn Enterprises L.P. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Icahn Enterprises L.P. (IEP) 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 IEP's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

IEP: Is Icahn Enterprises L.P. Halal?

Icahn Enterprises L.P.

NASDAQIndustrialsUS

$7.20

-0.55%

Market Cap: 4.8B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Icahn Enterprises L.P. (IEP) halal? Not Halal. Based on AAOIFI screening, Icahn Enterprises L.P. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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%.

131.4% of 30.0% limit

What this means for you

Most scholars advise not holding IEP

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Icahn Enterprises L.P.

Icahn Enterprises L.P. (IEP) is a diverse holding company that operates through its various subsidiaries across numerous industries, serving both the United States and international markets. Its core business activities span investment, energy, automotive, food packaging, real estate, home fashion, and pharmaceuticals. Specifically, the Investment division strategically deploys its own capital by managing a portfolio of private investment funds. The Energy segment is involved in both refining and marketing transportation fuels, alongside the production and distribution of nitrogen-based fertilizers, including urea ammonium nitrate and ammonia. Within the Automotive sector, IEP handles the wholesale and retail distribution of vehicle components, in addition to offering comprehensive auto repair and maintenance services. The Food Packaging segment focuses on manufacturing and supplying various casings—such as cellulosic, fibrous, and plastic types—that are essential for preparing processed meat products. Its extensive Real Estate operations encompass leasing commercial properties (retail, office, and industrial), constructing and selling residential units and single-family homes, and managing golf courses, clubs, hotels, and timeshare resorts. The Home Fashion division is responsible for the entire lifecycle of consumer home products, from manufacturing and sourcing to marketing, distribution, and sales. Lastly, the Pharmaceutical segment provides a range of medicinal products and related services. Established in 1987, Icahn Enterprises L.P. maintains its principal corporate office in Sunny Isles Beach, Florida.

Sector: Industrials · Industry: Conglomerates

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Not Halalnow
since Jun 2026
Doubtful
until the change above
Not Halal
until the change above

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

Fiscal: Q1 2026Data source: EDGAR

Halal Alternatives in Industrials

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

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Phoenix Asia Holdings Limited Ordinary Shares

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FASTA+

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$45.49

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ODFLA+

Old Dominion Freight Line, Inc.

$233.84

-0.43%

SAIAA+

Saia, Inc.

$467.89

-6.83%

ADURA+

Aduro Clean Technologies Inc.

$13.86

-1.56%

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Frequently Asked Questions

Is Icahn Enterprises L.P. (IEP) halal to invest in?

Icahn Enterprises L.P. (IEP) 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 Icahn Enterprises L.P. get a F compliance rating?

Icahn Enterprises L.P. (IEP) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 131.4% (limit 30%); interest-bearing deposits of 28.8% (limit 30%); prohibited income of 4.45% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Icahn Enterprises L.P.'s Shariah verdict?

Icahn Enterprises L.P.'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 Icahn Enterprises L.P. re-screened for Shariah compliance?

Icahn Enterprises L.P. (IEP) 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 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.