
SU: Is Suncor Energy Inc. Halal?
Suncor Energy Inc.
$56.66
+3.19%
Market Cap: 66.9B
Compliance Status
Doubtful
Screened on Jul 15, 2026 · AAOIFI Standard 21
Good
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.
Company debt
Close to the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
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 amountAbout 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
Compliance History
Doubtfulnow
since Jun 2026
Halal
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
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Frequently Asked Questions
Is Suncor Energy Inc. (SU) halal to invest in?
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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.