Is ENBRIDGE INC (ENB) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 89.2% / 30% | 0.9% / 30% | 6.4% / 30% | 5.04% / 5% | ✗ NOT HALAL |
| DJIM | 89.2% / 33% | 0.9% / 33% | 6.4% / 33% | 5.04% / 5% | ✗ NOT HALAL |
| MSCI | 48.2% / 33% | 0.5% / 33% | 3.4% / 33% | 5.04% / 5% | ✗ NOT HALAL |
| S&P | 89.2% / 33% | 0.9% / 33% | 6.4% / 33% | 5.04% / 5% | ✗ NOT HALAL |
| FTSE | 48.2% / 33% | 0.5% / 33% | 3.4% / 50% | 5.04% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 41.7% | |
| Operating Margin | 17.7% | |
| Net Margin | 11.5% | |
| Return on Equity (ROE) | 11.6% | |
| Return on Assets (ROA) | 3.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $12.3B |
| Free Cash Flow | $3.1B |
| Total Debt | $105.3B |
| Debt-to-Equity | 161.4 |
| Current Ratio | 0.6 |
| Total Assets | $218.5B |
Price & Trading
| Last Close | $54.50 |
| 50-Day MA | $51.67 |
| 200-Day MA | $48.28 |
| Avg Volume | 5.1M |
| Beta | 0.9 |
|
52-Week Range
$39.73
| |
About ENBRIDGE INC (ENB)
Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. The Liquids Pipelines segment operates pipelines and related terminals to transport, store, and export various grades of crude oil and other liquid hydrocarbons in Canada and the United States. This segment also provides physical commodity marketing and logistical services, and crude oil marketing services. The Gas Transmission segment invests in natural gas pipelines and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution activities in Quebec. The Renewable Power Generation segment operates wind, solar, geothermal, waste heat recovery, and transmission assets in North America. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
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Frequently Asked Questions
Is ENBRIDGE INC (ENB) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ENBRIDGE INC 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 ENBRIDGE INC's debt ratio?
ENBRIDGE INC's debt ratio is 89.2% 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 48.2%.
What are ENBRIDGE INC's key financial metrics?
ENBRIDGE INC has a market capitalization of $119.1B, trailing P/E ratio of 23.4, and revenue of $65.2B. The company maintains a gross margin of 41.7% and a net margin of 11.5%. Return on equity stands at 11.6%.
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.