Suncor Energy Inc.

SU: Is Suncor Energy Inc. Halal?

Suncor Energy Inc.

NYSEEnergyCA

$56.66

+3.19%

Market Cap: 66.9B

Compliance Status

Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

A

Very Good

82Score

Is Suncor Energy Inc. (SU) halal? Halal. Based on AAOIFI screening, Suncor Energy Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 82/100 (Grade: A).

Quote this verdict

HalalScreener rates Suncor Energy Inc. (SU) Halal, 82/100, grade A under AAOIFI Standard 21, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/SU

Business activity

What the company sells is permissible.

Passed

Company debt

Within the limit

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

16.2% of 30.0% limit

What this means for you

You can own SU

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened SU's prohibited income, but the exact share you would need to purify is part of Pro.

About Suncor Energy Inc.

Suncor Energy Inc. operates as a fully integrated energy enterprise. Its primary focus involves the development of hydrocarbon resources, particularly within Canada's Athabasca oil sands region. Globally, the company undertakes the exploration, acquisition, development, production, transportation, refining, and marketing of crude oil. Domestically, it distributes petroleum and petrochemical products, predominantly under the Petro-Canada brand. Suncor's operations are divided into several key segments: The Oil Sands division extracts bitumen through both mining and in-situ techniques, converting it into refinery feedstock and diesel, or blending it for direct market sale. The Exploration and Production segment manages offshore assets off Canada's East Coast and in the North Sea, in addition to onshore properties in Libya and Syria. The Refining and Marketing segment processes crude oil and intermediate feedstocks into a variety of petroleum and petrochemical goods, which are then sold to retail, commercial, and industrial customers via its network of distributors. The Corporate and Eliminations segment also oversees the operation of four wind farms situated in Ontario and Western Canada. Beyond these core activities, Suncor is also engaged in the trading and marketing of crude oil, natural gas, various byproducts, refined products, and electricity. Established in 1917, the company was initially known as Suncor Inc. before officially changing its name to Suncor Energy Inc. in April 1997. Its corporate headquarters are located in Calgary, Canada.

Sector: Energy · Industry: Oil & Gas Integrated

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 1, 2026

Compliance History

  1. Halalnow

    since Aug 2026

  2. Doubtful

    until the change above

  3. Halal

    until the change above

  4. Doubtful

    until the change above

  5. Halal

    until the change above

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

Fiscal: FY 2025Data source: FMP
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Frequently Asked Questions

Is Suncor Energy Inc. (SU) halal to invest in?
Based on AAOIFI Standard 21 screening, Suncor Energy Inc. (SU) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Suncor Energy Inc. get a A compliance rating?
Suncor Energy Inc. (SU) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 16.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Suncor Energy Inc.'s Shariah verdict?
Suncor 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 Suncor Energy Inc. re-screened for Shariah compliance?
Suncor Energy Inc. (SU) 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: Sep 1, 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.