
IMO: Is Imperial Oil Limited Halal?
Imperial Oil Limited
$116.57
+3.31%
Market Cap: 58.0B
Compliance Status
Halal
Screened on Jul 15, 2026 · AAOIFI Standard 21
Excellent
Is Imperial Oil Limited (IMO) halal? Halal. Based on AAOIFI screening, Imperial Oil Limited passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 92/100 (Grade: A+).
Business activity
What the company sells is permissible.
Company debt
Well clear of the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
What this means for you
You can own IMO
It passes both the business activity and financial ratio screens under AAOIFI Standard 21.
No purification owed
Based on the latest screening, none of its income comes from prohibited sources.
About Imperial Oil Limited
Imperial Oil Limited (IMO) is a Canadian energy company primarily engaged in the discovery, extraction, and commercialization of crude oil and natural gas. Its operations are structured into three main divisions: Upstream, Downstream, and Chemical. The Upstream segment is dedicated to exploring for and producing various hydrocarbons, including crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this division reported 386 million oil-equivalent barrels in proven undeveloped reserves. The Downstream segment oversees the transportation and refinement of crude oil, the blending of refined petroleum products, and their subsequent distribution and marketing. It employs a diverse transportation network, including contracted and common carrier pipelines, as well as rail, to move crude oil to its refineries. For product distribution, it utilizes pipelines, tankers, rail, and road transport, and owns and operates fuel terminals, natural gas liquids facilities, and product pipelines in Alberta, Manitoba, and Ontario. This segment also supplies petroleum products to the general public through roughly 2,400 Esso and Mobil-branded retail locations. Additionally, it sells a variety of petroleum products, such as fuel, asphalt, and lubricants, to industrial and transportation clients, independent marketers, and resellers, catering to the agriculture, residential heating, and commercial markets via branded distributors. The Chemical segment focuses on manufacturing and commercializing a range of petrochemicals, including benzene, aromatic and aliphatic solvents, plasticizer intermediates, and polyethylene resin. Imperial Oil has also formed a strategic alliance with E3 Metals Corp. to advance a lithium-extraction pilot project in Alberta. The company was founded in 1880, is headquartered in Calgary, Canada, and functions as a subsidiary of Exxon Mobil Corporation.
Sector: Energy · Industry: Oil & Gas Integrated
Shariah Compliance Status
Compliance History
Halal, unchanged since Jun 2026.
No status changes recorded since we began tracking.
Tracked since Jun 2026. Updates automatically on each re-screen.
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Frequently Asked Questions
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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.