PBF Energy Inc.

PBF: Is PBF Energy Inc. Halal?

PBF Energy Inc.

NYSEEnergyUS

$53.18

-0.24%

Market Cap: 6.3B

Compliance Status

Doubtful

Screened on Jul 18, 2026 · AAOIFI Standard 21

B+

Good

70Score

Is PBF Energy Inc. (PBF) halal? Doubtful. Based on AAOIFI screening, PBF Energy Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 70/100 (Grade: B+).

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

28.9% of 30.0% limit

What this means for you

You may own PBF, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purify 0.1% of your income from PBF

That is about $0.10 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About PBF Energy Inc.

PBF Energy Inc., operating through its subsidiaries, primarily focuses on the refinement and distribution of various petroleum products. Its business is structured into two core segments: Refining and Logistics. The company's extensive product portfolio encompasses gasoline, ultra-low-sulfur diesel, heating oil, standard diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt. Additionally, it provides unbranded transportation fuels, essential petrochemical feedstocks, blending components, and other petroleum derivatives. PBF Energy distributes these products across the United States, specifically targeting the Northeast, Midwest, Gulf Coast, and West Coast regions, with further market penetration into other domestic areas, Canada, and Mexico. Beyond its refining activities, the company offers a comprehensive suite of logistics services, including rail, truck, and marine terminaling, alongside pipeline transportation and storage solutions. As of December 31, 2021, PBF Energy Inc. owned and operated six oil refineries and associated infrastructure. The company was established in 2008 and is headquartered in Parsippany, New Jersey.

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

Why This Stock Is Doubtful

  • Debt is 28.9% of market cap, only 1.1 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

  1. Doubtfulnow

    since Jul 2026

  2. Not Halal

    until the change above

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

Fiscal: Q1 2026Data source: EDGAR
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Frequently Asked Questions

Is PBF Energy Inc. (PBF) halal to invest in?
PBF Energy Inc. (PBF) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.
Why did PBF Energy Inc. get a B+ compliance rating?
PBF Energy Inc. (PBF) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 28.9% (limit 30%); interest-bearing deposits of 7.1% (limit 30%); prohibited income of 0.06% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change PBF Energy Inc.'s Shariah verdict?
PBF Energy Inc.'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 PBF Energy Inc. re-screened for Shariah compliance?
PBF Energy Inc. (PBF) 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.