Are the oil field companies like shell Halal or forbidden?

šŸ’° Everyday Islamic Finance Savings & Investing
#1

Are the oil field companies like shell Halal or forbidden ?

#2

Iā€™m a new member here, and I got a notification in regards to the previous question that I posted yesterday, and would like to know how to use the website and get an answer to my question. Thank you. @saad

#3

Salam Nour,
The app says that Shell (RDS.A listed on NYSE) is non-compliant, but it seems like it is because of larger than permissible interest-bearing debt and not due to its revenue streams. So it would indicate that there is nothing inherently non-compliant about the revenue generated by these large oil companies.

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