MPC

Marathon Petroleum Corp.

DOUBTFUL — SCREEN DOES NOT PASSstock

Is MPC Halal?

Oil refining — permissible infrastructure questions but the current debt screen fails.

What You Should Know

Marathon Petroleum's March 31, 2026 filing reports debt/assets of 37.22%, liquidity/assets of 2.44% and receivables plus cash/assets of 19.03%; disclosed interest income is 0.10% of quarterly revenue. Refining, midstream and renewable-diesel activities require qualitative review alongside MPLX affiliate structures, derivatives and environmental obligations.

⚠️ Concerns

  • Debt screen fails at 37.22% of assets
  • Refining, petroleum products and renewable-diesel activity
  • MPLX affiliate structures and commodity derivatives
  • Disclosed interest income is not a complete purification prescription

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
37.22%Above limit
Below 33.333% under FTSE Yasaar

32,825 / 88,187

Cash + interest-bearing securities / assets
2.44%Within limit
Below 33.333% under FTSE Yasaar

2,151 / 88,187

Receivables + cash / assets
19.03%Within limit
Below 50% under FTSE Yasaar

16,780 / 88,187

Non-compliant income / revenue
0.10%Within limit
No more than 5% under FTSE Yasaar

33 / 34,200

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Debt is 37.22% of total assets, above the examined 33.333% limit; liquidity is 2.44%, receivables plus cash are 19.03% and disclosed interest income is 0.10% of revenue.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Fails
Overall
Fails

Debt is 37.22% of total assets, above the examined 33.33% limit; liquidity and receivables-plus-cash are below the examined total-assets limits. This is not an index-membership claim.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Fails
Overall
Fails

Debt is 37.22% of total assets, above the examined 33% limit; identifiable liquidity is below 33%. This is a calculation against SAC ratios, not an official classification of a U.S.-listed security.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Not calculated

A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.

Business-activity disclosure

Marathon Petroleum operates petroleum refining and marketing, midstream infrastructure and renewable-diesel activities, including MPLX interests. Refining and energy infrastructure may be viewed differently across scholars, while fossil-fuel products, renewable-fuel contracts, commodity derivatives, environmental liabilities and affiliate structures require qualitative review.

Limitation: The filing does not allocate revenue into a universal prohibited-revenue numerator by product, end use or customer; no exact activity percentage is asserted.

Purification

Marathon Petroleum discloses $33 million of interest income, but no scholar-approved purification percentage is prescribed; the ratio is evidence for the income screen, not a complete purification prescription.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Marathon Petroleum's March 31, 2026 Form 10-Q.
  • Interest-bearing debt includes $2,119 million of debt due within one year and $30,706 million of long-term debt; operating lease liabilities are excluded.
  • Cash and cash equivalents are $2,151 million. Equity-method investments and restricted or affiliate plan assets are not added as unrestricted interest-bearing securities.
  • Receivables are $14,629 million and first-quarter revenue is $34,200 million.
  • The filing discloses $33 million of interest income, used as a conservative income-screen numerator rather than an official purification amount.

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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