Is HAL (Halliburton Company) Halal or Haram?

Based on our AAOIFI-standard shariah screening, HAL is Halal and considered permissible for Muslim investors. It passed all 4 of 4 compliance screens including business activity review, debt-to-market-cap ratio (23.41% vs ≤33% threshold), interest income ratio (0.00% vs ≤5% threshold), and cash & securities ratio (6.35% vs ≤33% threshold).

Halliburton Company is a global leader in providing critical products and services to the energy industry. Operating primarily through its Completion and Production, and Drilling and Evaluation segments, the company offers specialized solutions like well cementing, stimulation, and downhole tools to oil and gas producers worldwide. For Muslim investors, Halliburton represents a fully halal investment opportunity, having successfully passed all four AAOIFI shariah screens. Its core business activities in energy equipment and services are universally considered permissible, meaning investors can confidently allocate capital without concerns of engaging in haram industries. From a financial perspective, Halliburton demonstrates strong adherence to Islamic finance principles. The company maintains a healthy debt-to-market capitalization ratio of 23.4%, sitting comfortably below the strict 33% threshold, and generates effectively zero non-compliant interest income, ensuring pure returns for halal portfolios. While the company is currently a strong compliant choice, Muslim investors should continue to monitor its debt levels closely. As the energy sector can be highly cyclical, fluctuations in Halliburton's market capitalization could occasionally impact its debt-to-market cap compliance during severe industry downturns. Halliburton Company operates in the Energy sector under the Oil & Gas Equipment & Services industry and is headquartered in Houston, TX, US. The company is led by CEO Jeffrey Allen Miller and employs approximately 48,000 people.

HAL was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. HAL passed 4 of these 4 screens.

HAL has negligible interest income, so purification may not be necessary. However, it is always advisable to consult a qualified scholar regarding your specific investment situation.

HAL was last screened on 2026-04-29. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.