Suncor Energy Inc.

SU: Is Suncor Energy Inc. Halal?

Suncor Energy Inc.

NYSEEnergyCA

$56.66

+3.19%

Market Cap: 66.9B

Compliance Status

Doubtful

Screened on Jul 15, 2026 · AAOIFI Standard 21

B+

Good

73Score

Is Suncor Energy Inc. (SU) halal? Doubtful. Based on AAOIFI screening, Suncor Energy Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 73/100 (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%.

25.5% of 30.0% limit

What this means for you

You may own SU, with caution

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

Purify 0.4% of your income from SU

That is about $0.40 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

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

Why This Stock Is Doubtful

  • Debt is 25.5% of market cap, only 4.5 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 15, 2026

Compliance History

  1. Doubtfulnow

    since Jun 2026

  2. 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?
Suncor Energy Inc. (SU) 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 Suncor Energy Inc. get a B+ compliance rating?
Suncor Energy Inc. (SU) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 25.5% (limit 30%); interest-bearing deposits of 5.1% (limit 30%); prohibited income of 0.39% (limit 5%). 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: Jul 15, 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.