Is Cosan S.A. (CSAN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1757.8% / 30% | 491.4% / 30% | 138.8% / 30% | 5.55% / 5% | ✗ NOT HALAL |
| DJIM | 1757.8% / 33% | 491.4% / 33% | 138.8% / 33% | 5.55% / 5% | ✗ NOT HALAL |
| MSCI | 51.7% / 33% | 14.4% / 33% | 4.1% / 33% | 5.55% / 5% | ✗ NOT HALAL |
| S&P | 1757.8% / 33% | 491.4% / 33% | 138.8% / 33% | 5.55% / 5% | ✗ NOT HALAL |
| FTSE | 51.7% / 33% | 14.4% / 33% | 4.1% / 50% | 5.55% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 32.6% | |
| Operating Margin | 23.7% | |
| Net Margin | -24.1% | |
| Return on Equity (ROE) | -29.0% | |
| Return on Assets (ROA) | 4.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $13.0B |
| Free Cash Flow | $4.6B |
| Total Debt | $70.6B |
| Debt-to-Equity | 227.8 |
| Current Ratio | 2.6 |
| Total Assets | $135.1B |
Price & Trading
| Last Close | $4.00 |
| 50-Day MA | $4.47 |
| 200-Day MA | $4.58 |
| Avg Volume | 2.3M |
| Beta | 0.7 |
|
52-Week Range
$3.71
| |
About Cosan S.A. (CSAN)
Cosan S.A. engages in the fuel distribution business. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. The company's Raízen segment engages in the production, commercialization, origination, and trading of sugar, as well as ethanol under the Shell brand; production and commercialization of bioenergy; trading and resale of electricity; and distribution and commercialization of fuels and lubricants. Its Compass segment distributes piped natural gas to industrial, residential, commercial, automotive, and cogeneration customers; and develops infrastructure projects in a regasification terminal, offshore gas pipeline, and thermal generation projects utilizing natural gas, as well as the sale of electricity and natural gas. The company's Moove segment produces and distributes lubricants under the Mobil brand and Comma trademark for industrial, commercial, and passenger/cargo vehicles. Its Rumo segment provides logistics services for storage and port loading of commodities, including grains and sugar; and leases locomotives, wagons, and other railroad equipment, as well as operates containers. The company's Radar segment manages agricultural property. The company operates in Brazil, England, France, Spain, Portugal, Argentina, Bolivia, Uruguay, Paraguay, the United States, Asia, and internationally. Cosan S.A. was founded in 1936 and is headquartered in São Paulo, Brazil.
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Frequently Asked Questions
Is Cosan S.A. (CSAN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Cosan S.A. 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 Cosan S.A.'s debt ratio?
Cosan S.A.'s debt ratio is 1757.8% 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 51.7%.
What are Cosan S.A.'s key financial metrics?
Cosan S.A. has a market capitalization of $3.8B, and revenue of $40.4B. The company maintains a gross margin of 32.6% and a net margin of -24.1%. Return on equity stands at -29.0%.
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.