South Bow Corporation

SOBO: Is South Bow Corporation Halal?

South Bow Corporation

NYSEEnergyCA

$36.12

-0.69%

Market Cap: 7.5B

Compliance Status

Not Halal

Screened on Jul 20, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is South Bow Corporation (SOBO) halal? Not Halal. Based on AAOIFI screening, South Bow Corporation passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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%.

76.7% of 30.0% limit

What this means for you

Most scholars advise not holding SOBO

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About South Bow Corporation

South Bow Corporation (SOBO) operates within the energy infrastructure sector, specializing in the creation and ongoing management of pipeline networks. These vital systems are responsible for conveying crude oil and various other liquid hydrocarbons across extensive regions of both Canada and the United States. The company was established on December 15, 2023, and its primary corporate base is located in Calgary, Canada.

Sector: Energy · Industry: Oil & Gas Midstream

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 2026

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: FY 2025Data source: FMP

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

Is South Bow Corporation (SOBO) halal to invest in?
South Bow Corporation (SOBO) 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 South Bow Corporation get a F compliance rating?
South Bow Corporation (SOBO) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 76.7% (limit 30%); interest-bearing deposits of 7.6% (limit 30%); prohibited income of 2.53% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change South Bow Corporation's Shariah verdict?
South Bow Corporation'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 South Bow Corporation re-screened for Shariah compliance?
South Bow Corporation (SOBO) 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 20, 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.