Is Clean Energy Fuels Corp. (CLNE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 62.4% / 30% | 29.9% / 30% | 20.5% / 30% | 2.68% / 5% | ✗ NOT HALAL |
| DJIM | 62.4% / 33% | 29.9% / 33% | 20.5% / 33% | 2.68% / 5% | ✗ NOT HALAL |
| MSCI | 30.8% / 33% | 14.8% / 33% | 10.1% / 33% | 2.68% / 5% | ✓ HALAL |
| S&P | 62.4% / 33% | 29.9% / 33% | 20.5% / 33% | 2.68% / 5% | ✗ NOT HALAL |
| FTSE | 30.8% / 33% | 14.8% / 33% | 10.1% / 50% | 2.68% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 27.0% | |
| Operating Margin | -107.5% | |
| Net Margin | -52.3% | |
| Return on Equity (ROE) | -34.7% | |
| Return on Assets (ROA) | -8.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $86M |
| Free Cash Flow | $26M |
| Total Debt | $326M |
| Debt-to-Equity | 57.6 |
| Current Ratio | 2.3 |
| Total Assets | $1.1B |
Price & Trading
| Last Close | $2.35 |
| 50-Day MA | $2.35 |
| 200-Day MA | $2.34 |
| Avg Volume | 1.2M |
| Beta | 2.2 |
|
52-Week Range
$1.30
| |
About Clean Energy Fuels Corp. (CLNE)
Clean Energy Fuels Corp. offers natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and provides operation and maintenance services for public and private vehicle fleet customer stations. The company also designs, builds, operates, and maintains vehicle fueling stations; and sells and services compressors and other equipment that are used in RNG production and fueling stations. In addition, it transports and sells CNG, RNG, and LNG through virtual natural gas pipelines and interconnects; sells U.S. federal, state, and local government credits, such as RNG as a vehicle fuel, including Renewable Identification Numbers and Low Carbon Fuel Standards credits; and obtains federal, state, and local credits, grants, and incentives. Further, the company focuses on developing, owning, and operating dairy and other livestock waste RNG projects. It serves heavy-duty trucking, airports, refuse, public transit, industrial, and institutional energy users, as well as government fleets. The company was incorporated in 2001 and is headquartered in Newport Beach, California.
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Frequently Asked Questions
Is Clean Energy Fuels Corp. (CLNE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Clean Energy Fuels Corp. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Clean Energy Fuels Corp.'s debt ratio?
Clean Energy Fuels Corp.'s debt ratio is 62.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 30.8%.
What are Clean Energy Fuels Corp.'s key financial metrics?
Clean Energy Fuels Corp. has a market capitalization of $568M, and revenue of $425M. The company maintains a gross margin of 27.0% and a net margin of -52.3%. Return on equity stands at -34.7%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.