Is ONEOK INC /NEW/ (OKE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 59.9% / 30% | 0.1% / 30% | 5.5% / 30% | 1.34% / 5% | ✗ NOT HALAL |
| DJIM | 59.9% / 33% | 0.1% / 33% | 5.5% / 33% | 1.34% / 5% | ✗ NOT HALAL |
| MSCI | 49.2% / 33% | 0.1% / 33% | 4.5% / 33% | 1.34% / 5% | ✗ NOT HALAL |
| S&P | 59.9% / 33% | 0.1% / 33% | 5.5% / 33% | 1.34% / 5% | ✗ NOT HALAL |
| FTSE | 49.2% / 33% | 0.1% / 33% | 4.5% / 50% | 1.34% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 30.5% | |
| Operating Margin | 17.0% | |
| Net Margin | 10.1% | |
| Return on Equity (ROE) | 15.5% | |
| Return on Assets (ROA) | 5.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $5.6B |
| Free Cash Flow | $2.4B |
| Total Debt | $32.8B |
| Debt-to-Equity | 146.5 |
| Current Ratio | 0.7 |
| Total Assets | $66.6B |
Price & Trading
| Last Close | $93.57 |
| 50-Day MA | $83.64 |
| 200-Day MA | $76.68 |
| Avg Volume | 4.8M |
| Beta | 0.9 |
|
52-Week Range
$64.02
| |
About ONEOK INC /NEW/ (OKE)
ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. It operates in four segments: Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines; and Refined Products and Crude. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent, Permian Basin, North Texas, Gulf Coast region, and Rocky Mountain regions; and provides midstream services to producers of NGLs. It also owns NGL gathering and distribution pipelines, fractionation, terminal and storage facilities; and transports refined products, including gasoline, diesel fuel, aviation fuel, kerosene, and heating oil. In addition, the company transports and stores natural gas through regulated interstate and intrastate natural gas transmission pipelines, and natural gas storage facilities; it owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases buildings, warehouses, office space, land, and equipment, including pipeline equipment, pipeline capacity, rail cars, and information technology equipment. Further, the company transports, stores, and distributes refined products, purity NGLs, and crude oil, as well as conducts commodity-related activities, including liquids blending and marketing activities. It serves integrated and independent exploration and production companies; other NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; utilities; industrial companies; natural gasoline distributors; propane distributors; municipalities; ethanol producers; petrochemical, refining, and marketing companies; and diluent users, refineries, and exporters. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.
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Frequently Asked Questions
Is ONEOK INC /NEW/ (OKE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ONEOK INC /NEW/ 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 ONEOK INC /NEW/'s debt ratio?
ONEOK INC /NEW/'s debt ratio is 59.9% 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 49.2%.
What are ONEOK INC /NEW/'s key financial metrics?
ONEOK INC /NEW/ has a market capitalization of $59.2B, trailing P/E ratio of 17.3, and revenue of $33.6B. The company maintains a gross margin of 30.5% and a net margin of 10.1%. Return on equity stands at 15.5%.
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.