Is CANADIAN NATURAL RESOURCES LTD (CNQ) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 19.5% / 30% | 0.1% / 30% | 4.3% / 30% | 0.2% / 5% | ✓ HALAL |
| DJIM | 19.5% / 33% | 0.1% / 33% | 4.3% / 33% | 0.2% / 5% | ✓ HALAL |
| MSCI | 22.0% / 33% | 0.2% / 33% | 4.8% / 33% | 0.2% / 5% | ✓ HALAL |
| S&P | 19.5% / 33% | 0.1% / 33% | 4.3% / 33% | 0.2% / 5% | ✓ HALAL |
| FTSE | 22.0% / 33% | 0.2% / 33% | 4.8% / 50% | 0.2% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 48.5% | |
| Operating Margin | 19.6% | |
| Net Margin | 27.9% | |
| Return on Equity (ROE) | 25.8% | |
| Return on Assets (ROA) | 5.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $15.1B |
| Free Cash Flow | $8.3B |
| Total Debt | $16.6B |
| Debt-to-Equity | 44.5 |
| Current Ratio | 1.0 |
| Total Assets | $91.8B |
Price & Trading
| Last Close | $48.67 |
| 50-Day MA | $42.36 |
| 200-Day MA | $34.57 |
| Avg Volume | 10.4M |
| Beta | 1.1 |
|
52-Week Range
$24.65
| |
About CANADIAN NATURAL RESOURCES LTD (CNQ)
Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, primary heavy crude oil and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
Purification Calculator
As a halal stock with 0.20% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is CANADIAN NATURAL RESOURCES LTD (CNQ) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), CANADIAN NATURAL RESOURCES LTD is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is CANADIAN NATURAL RESOURCES LTD's debt ratio?
CANADIAN NATURAL RESOURCES LTD's debt ratio is 19.5% 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 22.0%.
Does CANADIAN NATURAL RESOURCES LTD require dividend purification?
Yes, CANADIAN NATURAL RESOURCES LTD has an impermissible income ratio of 0.20%, which means 0.20% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are CANADIAN NATURAL RESOURCES LTD's key financial metrics?
CANADIAN NATURAL RESOURCES LTD has a market capitalization of $104.7B, trailing P/E ratio of 13.4, and revenue of $44.2B. The company maintains a gross margin of 48.5% and a net margin of 27.9%. Return on equity stands at 25.8%.
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.