SLB
Schlumberger Limited (SLB)
Is SLB Halal?
Oilfield-services and energy-technology provider with passing known financial ratios, but environmental and project-end-use questions leave the activity screen incomplete.
What You Should Know
SLB's March 31, 2026 Form 10-Q reports assets of $54,526 million, debt of $11,608 million, cash of $2,819 million, short-term investments of $568 million, receivables of $9,037 million and first-quarter revenue of $8,721 million. Debt/assets is 21.29%, liquidity/assets is 6.21%, receivables-plus-cash/assets is 21.74% and interest income/revenue is 0.23%, below the examined financial limits. Oilfield-services end uses, fossil-fuel externalities and project mix remain qualitative concerns.
⚠️ Concerns
- •Some scholars raise environmental concerns around intensive fossil-fuel extraction
- •Debt/assets is 21.29% but market-cap methods were not calculated
- •Project-based receivables are material
- •ChampionX integration changed the business mix
- •Quarterly interest income is $20 million and requires purification analysis
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
11,608 / 54,526
3,387 / 54,526
11,856 / 54,526
20 / 8,721
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 21.29%, liquidity/assets is 6.21%, receivables plus cash/assets is 21.74% and interest income/revenue is 0.23%; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 21.29%, liquidity/assets is 6.21% and receivables plus cash/assets is 21.74%, below the examined MSCI limits; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets are below 33%; activity remains incomplete and this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored; the filing-based asset screen passes but the overall result remains incomplete.
Business-activity disclosure
SLB provides oilfield services, drilling, reservoir, production, digital and new-energy technologies. Energy services are generally permissible at the activity level, while fossil-fuel externalities, defense-adjacent work and project end uses require separate review.
Limitation: The filing does not provide a reproducible prohibited-revenue numerator for environmental, defense-adjacent or other project end uses.
Purification
First-quarter interest income is disclosed at $20 million, but no scholar-approved purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from SLB's March 31, 2026 Form 10-Q.
- Debt combines $1,938 million short-term borrowings/current debt and $9,670 million long-term debt.
- Cash is $2,819 million and short-term investments are $568 million; receivables net of allowance are $9,037 million.
- First-quarter revenue is $8,721 million and interest income is $20 million.
- No prohibited-activity revenue numerator is separately disclosed.
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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