GLNG
Golar LNG Ltd.
Is GLNG Halal?
LNG shipping — the current debt and conservative income screens fail.
What You Should Know
Golar's 2025 Form 20-F reports debt/assets of 51.79%, liquidity/assets of 21.62%, receivables plus cash/assets of 22.72%, and a conservative investment-income ratio of 8.79%. LNG shipping and floating-liquefaction infrastructure can be permissible in principle, while charter contracts, hydrocarbon end uses, emissions and financing remain qualitative concerns.
⚠️ Concerns
- •Debt/assets is 51.79%, above the examined limits
- •Conservative investment-income ratio is 8.79% of revenue
- •LNG shipping and charter end uses require review
- •Environmental, emissions, safety and decommissioning risks
Current quantitative Sharia screen
Based on 20-F figures for the period ended 2025-12-31; calculated 2026-07-14.
2,758.024 / 5,325.601
1,151.221 / 5,325.601
1,209.967 / 5,325.601
34.577 / 393.522
- Financial
- Fails
- Overall
- Fails
Debt/assets is 51.79%, liquidity/assets is 21.62%, receivables plus cash/assets is 22.72%, and the conservative income ratio is 8.79%; debt and income exceed the examined limits.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 51.79%, above the examined MSCI total-assets limit; the financial screen fails independently of the incomplete activity numerator.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 51.79% and the conservative income ratio is 8.79%; this calculation is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; the debt and income failures are independent of that denominator.
Business-activity disclosure
Golar owns and operates LNG carriers and floating-liquefied-natural-gas infrastructure. Shipping and energy logistics can be permissible in principle, while charter contracts, hydrocarbon end uses, environmental exposure and financing structures require qualitative review.
Limitation: The filing does not provide a school-neutral prohibited-revenue numerator for charter customers, commodity exposure, derivatives or environmental liabilities.
Purification
Golar discloses USD 34.577 million of investment/interest income, or approximately 8.79% of revenue. This is a conservative screen input and not a prescribed investor purification amount.
Inputs, assumptions and primary sources
- Amounts are USD millions from Golar LNG's 2025 Form 20-F.
- Debt uses reported current and non-current long-term debt of USD 2,758.024 million; operating lease liabilities are not added separately.
- Cash and cash equivalents are USD 1,151.221 million; no separate interest-bearing securities balance is added in the selected inputs.
- Accounts receivable and other current receivables total USD 58.746 million; 2025 revenue is USD 393.522 million.
- Investment income/interest of USD 34.577 million is used as a conservative upper bound, not as a scholar-approved purification percentage.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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