CE
Celanese Corporation
Is CE Halal?
Specialty-materials and chemicals producer whose products are permissible, but acquisition-driven leverage often pushes debt above the threshold.
What You Should Know
Celanese Corporation is a global producer of engineered polymers, acetyl chemicals, and specialty materials used in automotive, industrial, and consumer applications. Manufacturing industrial materials is a clearly permissible activity with no haram revenue line. The complication is financial: Celanese took on a large amount of debt to fund its acquisition of DuPont's Mobility & Materials business, and its total-debt-to-market-cap ratio has frequently exceeded the 33% Sharia threshold. Because passing the debt screen depends on the share price and the latest balance sheet, the stock is best treated as doubtful pending confirmation that total debt / market cap sits under 33%. Interest income on cash is incidental and should be checked against the 5% threshold and purified.
⚠️ Concerns
- •Acquisition-driven debt has frequently pushed total debt / market cap above the 33% threshold — this is the deciding screen and must be confirmed against the latest filings
- •The verdict is debt-dependent and can change as the company pays down its acquisition financing
- •Interest income on cash should be checked against the 5% threshold and the corresponding portion of returns purified
- •Re-screen before each purchase given the leverage sensitivity
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →