Is EQUINOR ASA (EQNR) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 35.9% / 30% | 25.3% / 30% | 20.8% / 30% | 1.76% / 5% | ✗ NOT HALAL |
| DJIM | 35.9% / 33% | 25.3% / 33% | 20.8% / 33% | 1.76% / 5% | ✗ NOT HALAL |
| MSCI | 22.9% / 33% | 16.2% / 33% | 13.3% / 33% | 1.76% / 5% | ✓ HALAL |
| S&P | 35.9% / 33% | 25.3% / 33% | 20.8% / 33% | 1.76% / 5% | ✗ NOT HALAL |
| FTSE | 22.9% / 33% | 16.2% / 33% | 13.3% / 50% | 1.76% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 37.0% | |
| Operating Margin | 21.4% | |
| Net Margin | 4.8% | |
| Return on Equity (ROE) | 12.2% | |
| Return on Assets (ROA) | 12.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $20.1B |
| Free Cash Flow | $7.9B |
| Total Debt | $30.1B |
| Debt-to-Equity | 77.1 |
| Current Ratio | 1.3 |
| Total Assets | $131.1B |
Price & Trading
| Last Close | $41.12 |
| 50-Day MA | $30.78 |
| 200-Day MA | $26.06 |
| Avg Volume | 6.6M |
| Beta | -0.2 |
|
52-Week Range
$21.41
| |
About EQUINOR ASA (EQNR)
Equinor ASA operates as an energy company in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; and Renewables segments. The company engages in the discovery and appraisal of new resources, as well as commercial development and operation of the oil and gas portfolios; oil and gas field development, well deliveries, and sourcing; research, technology development, specialist advisory services, digitalization, IT, improvement, innovation, and ventures and future business; and developing, exploring, investing in, and operating areas within renewable energy, such as offshore wind, green hydrogen, storage solutions, and solar power. It is also involved in the marketing, trading, processing, and transportation of crude oil and condensate, natural gas, NGL and refined products, including refineries, terminals, and processing plant operation; power and emissions trading; development of transportation solutions for natural gas, liquids, and crude oil, including pipelines, shipping, trucking, and rail; and provision of low carbon solutions. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.
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Frequently Asked Questions
Is EQUINOR ASA (EQNR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), EQUINOR ASA 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 EQUINOR ASA's debt ratio?
EQUINOR ASA's debt ratio is 35.9% 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 22.9%.
What are EQUINOR ASA's key financial metrics?
EQUINOR ASA has a market capitalization of $103.5B, trailing P/E ratio of 21.4. The company maintains a gross margin of 37.0% and a net margin of 4.8%. Return on equity stands at 12.2%.
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.