RIG
Transocean Ltd.
Is RIG Halal?
Offshore drilling services — fossil fuel extraction services.
What You Should Know
Transocean operates offshore drilling rigs and provides contract drilling services for oil and gas wells. Its March 2026 Form 10-Q reports $15,151 million of assets, $5,274 million of interest-bearing debt, $615 million of cash and restricted cash, $638 million of receivables and $1,081 million of quarterly contract-drilling revenue. Debt/assets is 34.81%, liquidity/assets is 4.06%, receivables-plus-cash/assets is 8.27%, and disclosed interest income is 0.93%; end-use activity remains incomplete.
⚠️ Concerns
- •Fossil fuel extraction services
- •Debt/assets exceeds the examined 33.333% limits
- •Valaris acquisition and offshore fleet financing
- •Environmental and end-use concerns
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
5,274 / 15,151
615 / 15,151
1,253 / 15,151
10 / 1,081
- Financial
- Fails
- Overall
- Fails
Debt/assets is 34.81%, above the examined 33.333% limit; liquidity/assets is 4.06% and receivables-plus-cash/assets is 8.27%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 34.81%, above the examined MSCI 33.33% limit; disclosed interest income is 0.93% of revenue, while activity classification remains incomplete.
- Financial
- Fails
- Overall
- Fails
Debt/assets is above the examined Malaysia 33% limit; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible historical market-cap series is not stored; the debt failure remains independently documented.
Business-activity disclosure
Transocean provides offshore contract drilling services for oil and gas wells. Drilling services are not the same as selling the underlying commodity, but fossil-fuel end use, environmental impact and acquisition-related activities require qualitative review.
Limitation: The filing does not break out a universal prohibited-activity numerator; contract and customer end uses are not fully classified.
Purification
Transocean discloses $10 million of interest income, but does not provide a complete prohibited-activity numerator; purification is not presented as a definitive percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Transocean's March 31, 2026 Form 10-Q.
- Interest-bearing debt is $329 million due within one year plus $4,945 million of long-term debt.
- Cash and cash equivalents are $330 million and restricted cash is $285 million; both are included conservatively in liquidity.
- Accounts receivable are $638 million.
- Contract drilling revenue is $1,081 million for the three months ended March 31, 2026; disclosed interest income is $10 million.
- The filing describes offshore contract drilling services for oil and gas wells; it does not isolate 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.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →