Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is BP p.l.c. (BP) Halal?

FAIL

BP p.l.c. · NYSE: BP · Energy

The short answer

No - BP p.l.c. (BP) fails this Shariah stock screen on the debt gate alone. BP, the London-based integrated energy company, has a clean business (oil and gas E&P - a permissible business under AAOIFI-style screens) and interest income of $1,609M is only about 0.85% of FY2025 revenue ($189,335M). But finance debt of $58.0B is about 50.9% of its ~$114B market cap ($44.5/ADR, October 2, 2026), above the ~33% ceiling. Honest disclosure: third-party views genuinely diverge - Musaffa Academy agrees with the debt FAIL (BP 'moved out of the halal classification due to high debt ratios'), while ShariaPortfolio rates BP 'Shariah Compliant' (2/5 standards) and Boubyan Capital lists BP as compliant. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

BP p.l.c. (NYSE: BP), based in London, UK, is an integrated energy company. Per its Annual Report and Form 20-F 2025 (year ended December 31, 2025; mirror ent.news/2026/3/727.pdf), its segments are Gas & low carbon energy (upstream gas, gas marketing and trading, solar, wind, hydrogen), Oil production & operations (crude oil upstream including bpx energy), Customers & products (convenience and retail fuels, EV charging, Castrol lubricants, aviation, B2B, midstream, refining, oil trading, bioenergy), and Other businesses & corporate (shipping, treasury, corporate). Business-screen implication (factual): oil and gas E&P - no alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance. Oil & gas E&P is a permissible business under AAOIFI-style screens (same as this pipeline's Shell precedent). Gate 1 passes. Facts only.

Gate 2 — Debt and cash: FAIL

Per BP's Annual Report and Form 20-F 2025 (year ended December 31, 2025; mirror ent.news/2026/3/727.pdf; $ millions), finance debt at December 31, 2025 was $58.0B (2024: $59.5B; of which $3.4B short-term - 20-F Financial framework section, p. 337). Against a market cap of about $114B (Motley Fool, September 25, 2026; sanity check: 15,767,494,382 ordinary shares excl. treasury (Sep 30, 2025, per Form 6-K) / 6 per ADS = ~2,628M ADSs x $44.5 (Finnhub, October 2, 2026) = about $117B - same range), finance debt / market cap is about 50.9% - above the ~33% ceiling (including lease liabilities of $14,571M, about 63.7% - also fails). Net debt alone ($22,182M = 19.5%) is not the pipeline's debt measure (Shell used total debt including leases). Gate 2 fails. Facts only.

Gate 3 — Non-compliant income: PASS

Per BP's Annual Report and Form 20-F 2025 ($ millions), interest income was $1,609M (Zoya's FY2025 annual-report parse - BP's income-statement line is 'Interest and other income') against total revenue of $189,335M = about 0.85% of revenue - below the 5% non-compliant income ceiling. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does BP do?

BP p.l.c. (NYSE: BP), based in London, UK, is an integrated energy company. Per its Annual Report and Form 20-F 2025 (year ended December 31, 2025; mirror ent.news/2026/3/727.pdf), its segments are Gas & low carbon energy (upstream gas, gas marketing and trading, solar, wind, hydrogen), Oil production & operations (crude oil upstream including bpx energy), Customers & products (convenience and retail fuels, EV charging, Castrol lubricants, aviation, B2B, midstream, refining, oil trading, bioenergy), and Other businesses & corporate (shipping, treasury, corporate). Its shares trade on the NYSE as ADRs (ticker BP); 1 ADS = 6 ordinary shares. In FY2025 it reported total revenue of $189,335M.

Why does BP fail this Shariah stock screen?

BP fails this Shariah screener at one gate: debt. Gate 1 (business activity): integrated oil and gas - no alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance (oil and gas E&P is a permissible business under AAOIFI-style screens, the same as this pipeline's Shell precedent) - clean. Gate 2 (debt): finance debt of $58.0B is about 50.9% of its ~$114B market cap (October 2026), above the ~33% ceiling - FAIL. Gate 3 (non-compliant income): interest income of $1,609M is about 0.85% of FY2025 revenue ($189,335M), below the 5% ceiling - PASS. Result: FAIL on the debt gate alone. Honest disclosure: third-party views genuinely diverge - Musaffa Academy agrees with the debt FAIL (BP 'moved out of the halal classification due to high debt ratios'), while ShariaPortfolio rates BP 'Shariah Compliant' (2/5 standards) and Boubyan Capital lists BP as compliant - both positions are reported. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is BP's interest-bearing debt ratio?

Per BP's Annual Report and Form 20-F 2025 (year ended December 31, 2025; mirror ent.news/2026/3/727.pdf; $ millions), finance debt at December 31, 2025 was $58.0B (2024: $59.5B; of which $3.4B short-term - 20-F Financial framework section, p. 337). Against a market cap of about $114B (Motley Fool, September 25, 2026; sanity check: 15,767,494,382 ordinary shares excl. treasury (Sep 30, 2025, per Form 6-K) / 6 per ADS = ~2,628M ADSs x $44.5 (Finnhub, October 2, 2026) = about $117B - same range), finance debt / market cap is about 50.9% - above the ~33% ceiling (including lease liabilities of $14,571M, about 63.7% - also fails). Net debt alone ($22,182M = 19.5%) is not the pipeline's debt measure (Shell used total debt including leases). Gate 2 fails. Facts only.

How much interest income does BP earn?

Per BP's Annual Report and Form 20-F 2025 ($ millions), interest income was $1,609M (Zoya's FY2025 annual-report parse - BP's income-statement line is 'Interest and other income') against total revenue of $189,335M = about 0.85% of revenue - below the 5% non-compliant income ceiling. Gate 3 passes. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover BP?

Zoya covers BP at zoya.finance/stocks/bp, publishing FY2025 revenue of $189,335,000,000 and interest income of $1,609,000,000 (0.85% of the combined total) - but its headline rating text is garbled template ('not Shariah-compliant and therefore considered halal' vs 'not Shariah-compliant and therefore not considered halal' - contradictory), so no clean Zoya PASS/FAIL can be quoted; only coverage and data are reported. Musaffa: no per-ticker musaffa.com/stock/BP page was found; but Musaffa Academy ('Halal Stocks in the MSCI World Index,' crawled October 2026) explicitly states: 'Unlike European peers Shell and BP which have moved out of the halal classification due to high debt ratios, ExxonMobil has maintained AAOIFI-compliant financial ratios' - reported as a Musaffa Academy statement, not a per-ticker rating. ShariaPortfolio covers BP at spscreener.mxcorporate.com/stock/bp-bp-plc/: 'BP PLC is Shariah Compliant. It passes 2/5 Shariah standards we screen against.' Bonus context: Boubyan Capital lists BP PLC (LSE) among Sharia-compliant companies, Q4 2025 list.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).