Is Shell (SHEL) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 43.7% / 30% | 21.4% / 30% | 17.6% / 30% | 0.83% / 5% | ✗ NOT HALAL |
| DJIM | 43.7% / 33% | 21.4% / 33% | 17.6% / 33% | 0.83% / 5% | ✗ NOT HALAL |
| MSCI | 19.9% / 33% | 9.8% / 33% | 8.0% / 33% | 0.83% / 5% | ✓ HALAL |
| S&P | 43.7% / 33% | 21.4% / 33% | 17.6% / 33% | 0.83% / 5% | ✗ NOT HALAL |
| FTSE | 19.9% / 33% | 9.8% / 33% | 8.0% / 50% | 0.83% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 25.4% | |
| Operating Margin | 8.4% | |
| Net Margin | 6.7% | |
| Return on Equity (ROE) | 10.2% | |
| Return on Assets (ROA) | 4.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $42.9B |
| Free Cash Flow | $23.9B |
| Total Debt | $75.6B |
| Debt-to-Equity | 43.2 |
| Current Ratio | 1.3 |
| Total Assets | $370.4B |
Price & Trading
| Last Close | GBp 3,472.50 |
| 50-Day MA | GBp 3,029.30 |
| 200-Day MA | GBp 2,786.75 |
| Avg Volume | 12.2M |
| Beta | -0.1 |
|
52-Week Range
GBp 2,269.92
| |
About Shell (SHEL)
Shell plc operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas. It operates through the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions. The company explores for and extracts natural gas to produce liquefied natural gas or convert it into gas-to-liquids (GTL) fuels and other products; explores for and extracts crude oil, natural gas, and natural gas liquids; and operates marketing and transportation of oil, gas, and liquids, supported by the infrastructure required to deliver them to market or to process them within Shell's chemical manufacturing plants and refineries. It is also involved in marketing, which includes mobility, lubricants, and sectors focused on decarbonization; operates a retail network, including electric vehicle charging, convenience retail, and the wholesale commercial fuels business for transport and industry; sells products for road transport and machinery in manufacturing, mining, power generation, agriculture, and construction; and provides low-carbon energy solutions, such as biofuels, to a broad range of commercial customers, including those in the aviation, marine, and agriculture sectors. In addition, the company offers chemicals and products, including chemicals manufacturing plants with their own marketing network, and refineries that turn crude oil and other feedstocks into a range of oil products, which are moved and marketed around the world for domestic, industrial, and transport use; and operates a pipeline business, trading, and optimization of crude oil, oil products, and petrochemicals. The company was formerly known as Royal Dutch Shell plc and changed its name to Shell plc in January 2022. Shell plc was founded in 1897 and is headquartered in London, United Kingdom.
Related Halal Stocks in Energy
Frequently Asked Questions
Is Shell (SHEL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Shell 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 Shell's debt ratio?
Shell's debt ratio is 43.7% 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 19.9%.
What are Shell's key financial metrics?
Shell has a market capitalization of $195.5B, trailing P/E ratio of 15.5, and revenue of $266.9B. The company maintains a gross margin of 25.4% and a net margin of 6.7%. Return on equity stands at 10.2%.
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.