LNG
Cheniere Energy Inc.
Is LNG Halal?
Natural-gas exports are generally permissible under classical screens, but the current debt screen fails and environmental concerns remain qualitative.
What You Should Know
Cheniere's March 31, 2026 filing reports 51.11% interest-bearing debt/assets, 2.79% liquidity/assets, 5.37% receivables-plus-cash/assets and 0.24% disclosed interest income/revenue. LNG activity is not expressly prohibited, but fossil-fuel environmental impact and high infrastructure debt require continuing scholarly review.
⚠️ Concerns
- •Debt/assets was 51.11%
- •Fossil-fuel environmental impact concerns
- •Interest income was 14 million in the quarter
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
23,942 / 46,845
1,305 / 46,845
2,514 / 46,845
14 / 5,868
- Financial
- Fails
- Overall
- Fails
Debt/assets is 51.11%, while liquidity/assets is 2.79%, receivables plus cash/assets is 5.37% and interest income/revenue is 0.24%; debt fails the examined limit.
- Financial
- Fails
- Overall
- Fails
The debt/assets ratio is above the examined limit; other calculated ratios are below their limits and business classification remains qualitative.
- Financial
- Fails
- Overall
- Fails
Debt/assets is above 33%; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Not calculated
A licensed reproducible 24- or 36-month market-cap history is not stored; a spot estimate is not substituted.
Business-activity disclosure
Cheniere liquefies and exports natural gas. The activity is generally permissible under classical business screens, while fossil-fuel environmental impact, infrastructure and customer end use remain a qualitative scholarly question.
Limitation: The filing does not classify environmental impact or every customer end use under a Sharia standard.
Purification
Interest income is disclosed, but ZakatInvest does not prescribe a fixed scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Cheniere Energy's March 31, 2026 Form 10-Q.
- Debt uses gross current and long-term principal of 23,942 rather than net debt after unamortized discounts.
- Restricted cash of 463 is excluded from cash and cash equivalents.
- The filing reports 14 of interest income and 16 of combined interest and dividend income.
- Revenue and environmental or customer end-use categories do not provide a universal prohibited-revenue numerator.
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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