PBRNot HalalF
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Compliance Status

Not Halal

Screened on Oct 18, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates Petróleo Brasileiro S.A. - Petrobras (PBR) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 18, 2026. Source: https://halalscreener.app/en/stock/PBR

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%.

42.3% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding PBR

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Petróleo Brasileiro S.A. - Petrobras

PBR: Is Petróleo Brasileiro S.A. - Petrobras Halal?

Petróleo Brasileiro S.A. - Petrobras

NYSEEnergyBR

$26.00

+2.77%

Market Cap: 167.6B

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About Petróleo Brasileiro S.A. - Petrobras

Brazilian energy giant Petróleo Brasileiro S.A. (Petrobras) is deeply involved in the global oil and gas industry, conducting exploration, production, and sales activities both within Brazil and internationally. The company's diverse operations are organized into four primary business segments: Exploration and Production; Refining, Transportation, and Marketing; Gas and Power; and Corporate and Other Businesses. Overall, Petrobras’s activities span the entire hydrocarbon value chain. This includes the search for and extraction of crude oil from various sources—onshore, offshore, and unconventional formations like shale—along with its subsequent refining, processing, trading, and distribution. The company also manages natural gas, other liquid hydrocarbons, and refined petroleum products. Specifically, the Exploration and Production division focuses on discovering, developing, and extracting crude oil, natural gas liquids, and natural gas, primarily to supply the company's domestic refineries. The Refining, Transportation, and Marketing segment handles the refining, logistics, transport, commercialization, and trading of crude oil and various refined petroleum products. This unit is also responsible for ethanol exports, the extraction and processing of shale, and holds equity interests in petrochemical companies. The Gas and Power segment manages the logistics and trading of natural gas and electricity, including the transportation and commercialization of Liquefied Natural Gas (LNG). It generates electricity via thermoelectric power plants, holds stakes in natural gas transmission and distribution networks, and is engaged in both fertilizer manufacturing and natural gas processing. Finally, the Corporate and Other Businesses segment is dedicated to the production of biodiesel and its associated co-products, as well as ethanol, in addition to the distribution of various petroleum products. Petrobras was established in 1953 and its corporate headquarters are located in Rio de Janeiro, Brazil.

Sector: Energy · Industry: Oil & Gas Integrated

Why this does not pass

  • Interest-bearing debt is 42.3% 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

AAOIFI Standard 21Updated Oct 18, 2026

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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.

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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.

Fiscal: Q2 2026Data source: FMP

Halal Alternatives in Energy

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Frequently Asked Questions

Is Petróleo Brasileiro S.A. - Petrobras (PBR) halal to invest in?
Petróleo Brasileiro S.A. - Petrobras (PBR) 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 Petróleo Brasileiro S.A. - Petrobras get a F compliance rating?
Petróleo Brasileiro S.A. - Petrobras (PBR) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 42.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Petróleo Brasileiro S.A. - Petrobras's Shariah verdict?
Petróleo Brasileiro S.A. - Petrobras'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 Petróleo Brasileiro S.A. - Petrobras re-screened for Shariah compliance?
Petróleo Brasileiro S.A. - Petrobras (PBR) 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.