Compliance Status
Not Halal
Screened on Oct 18, 2026 · AAOIFI Standard 21
Non-Compliant
Is Pembina Pipeline Corporation (PBA) halal? Not Halal. Based on AAOIFI screening, Pembina Pipeline Corporation passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).
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HalalScreener rates Pembina Pipeline Corporation (PBA) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 18, 2026. Source: https://halalscreener.app/en/stock/PBA
Business activity
What the company sells is permissible.
Company debt
Over the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
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.
Screened according to AAOIFI Standard 21
What this means for you
Most scholars advise not holding PBA
It does not pass AAOIFI Shariah screening.
See halal alternatives from the same sector further down this page
PBA: Is Pembina Pipeline Corporation Halal?
Pembina Pipeline Corporation
$50.10
Market Cap: 29.1B
Screened on a market cap of 41.2B
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About Pembina Pipeline Corporation
Pembina Pipeline Corporation delivers vital transportation and midstream infrastructure solutions to the energy industry. Its business is organized into three principal divisions. The Pipelines segment oversees a vast network of conventional, oil sands, heavy oil, and transmission pipelines, capable of moving 3.1 million barrels of oil equivalent daily. This segment also includes 11 million barrels of surface storage and rail terminalling facilities with a capacity of approximately 105,000 barrels of oil equivalent per day, serving diverse energy markets and basins throughout North America. The Facilities segment offers essential processing and storage capabilities for natural gas, condensate, and various natural gas liquids (NGLs), such as ethane, propane, and butane. It features NGL fractionation capabilities of 354,000 barrels per day and 21 million barrels of underground cavern storage, supported by integrated pipeline and rail terminal assets. Lastly, the Marketing & New Ventures segment is involved in the procurement and sale of hydrocarbon liquids and natural gas, primarily originating from the Western Canadian Sedimentary Basin and other key producing areas. Established in 1954, Pembina Pipeline Corporation maintains its corporate headquarters in Calgary, Canada.
Sector: Energy · Industry: Oil & Gas Midstream
Why this does not pass
- Interest-bearing debt is 33.5% of market cap, over the 30% AAOIFI 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
See which ratio caused the failure.
See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.
AI Compliance Insight
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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.
Screened according to AAOIFI Standard 21
Compliance History
Not Halal, unchanged since Jun 2026.
No status changes recorded since we began tracking.
Tracked since Jun 2026. Updates automatically on each re-screen.
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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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.