Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Cheniere Energy, Inc. (LNG) Halal?

FAIL

Cheniere Energy, Inc. · NYSE: LNG · Energy

The short answer

No -- Cheniere Energy, Inc. (LNG) fails this Shariah stock screen at the debt gate. Per its FY2025 10-K financial statements (fiscal year ended December 31, 2025), Cheniere carries $22,507M of long-term debt plus $306M of current debt -- $22,813M of interest-bearing debt in total. Against a market cap of about $57.20B ($272.40 latest close retrieved October 2, 2026; 210M shares outstanding per filing-derived data), debt divided by market cap is about 39.88%, above the ~33% ceiling (including its operating lease liabilities the figure is about 44.6%). The other gates pass: its core business -- LNG liquefaction, export, and pipelines via the Sabine Pass and Corpus Christi terminals -- has no alcohol, gambling, tobacco, weapons, pork, or conventional-lending segments, and its separately disclosed interest and dividend income of $106M for FY2025 is about 0.54% of revenue, under the 5% ceiling. All three third-party screeners agree: Zoya flags LNG not Shariah-compliant (October 2026), Musaffa rates it not halal (August 2026), and ShariaPortfolio calls it not Shariah Compliant because it fails the financial ratios -- honestly reported, not invented.

Gate 1 — Business activity: PASS

Cheniere Energy, Inc. (NYSE: LNG), based in Houston, Texas, describes itself as a liquefied natural gas (LNG) producer and exporter. It owns and operates two natural gas liquefaction and export terminals -- the Sabine Pass LNG Terminal in Louisiana and the Corpus Christi LNG Terminal in Texas -- supplying LNG to integrated energy companies, utilities, and energy trading companies around the world. It also owns an approximately 21-mile natural gas supply pipeline serving the Corpus Christi terminal and markets LNG through its trading business. In 2025 it exported a record 670 cargoes (about 2,424 TBtu) and reported full-year revenue of $19.98B. Business screen (factual, from the filing and company releases): the business is natural-gas liquefaction, LNG export, and pipeline/midstream operations -- no conventional banking or lending, insurance, alcohol, gambling, pork, tobacco, or weapons segments. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: FAIL

Per Cheniere Energy's FY2025 10-K financial statements (fiscal year ended December 31, 2025), interest-bearing debt was $22,813M -- $22,507M of long-term debt (net of unamortized discount and debt issuance costs) plus $306M of current debt. Against a market cap of about $57.20B ($272.40 latest close retrieved October 2, 2026; 210M shares outstanding per filing-derived data), debt divided by market cap is about 39.88%, above the ~33% ceiling. Including operating lease liabilities ($2,163M non-current plus $539M current) would put the figure at about $25,515M, or 44.6% of market cap. Cash and cash equivalents of $1,099M are about 1.92% of market cap (about 2.77% including $485M of restricted cash). Gate 2 fails. Facts only.

Gate 3 — Non-compliant income: PASS

Cheniere's FY2025 10-K income statement discloses interest and dividend income as a separate line item. Screening data drawn from the FY2025 annual report reports interest income of $106M against revenue of $19,632M -- about 0.54% of revenue, well under the 5% non-compliant income ceiling (against the company's reported FY2025 total revenue of $19.98B, about 0.53%). Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Cheniere Energy do?

Cheniere Energy, Inc. (NYSE: LNG), based in Houston, Texas, is a liquefied natural gas (LNG) producer and exporter. It owns and operates two natural gas liquefaction and export terminals in the United States: the Sabine Pass LNG Terminal in Cameron Parish, Louisiana, and the Corpus Christi LNG Terminal in Texas. It sells LNG to integrated energy companies, utilities, and energy trading companies worldwide, also operates a natural gas supply pipeline interconnecting the Corpus Christi terminal with interstate and intrastate pipelines, and markets LNG through its trading arm. In 2025 it exported a record 670 cargoes (about 2,424 TBtu) and reported full-year revenues of $19.98 billion.

Why does Cheniere Energy fail this Shariah stock screen?

Cheniere Energy fails this screen at the second gate -- the debt gate -- while passing the business-activity and non-compliant-income gates. Its FY2025 10-K balance sheet (figures reproduced from the filing's financial statements) shows $22,507M of long-term debt plus $306M of current debt, for $22,813M of interest-bearing debt. Against a market cap of about $57.20B ($272.40 latest close retrieved October 2, 2026; 210M shares outstanding), debt divided by market cap is about 39.88% -- above the ~33% ceiling. Its core business (LNG production, export, and pipelines) involves no alcohol, gambling, tobacco, weapons, pork, or conventional-lending segments, so Gate 1 passes. This is a factual screen, not a religious ruling -- consult a qualified scholar for personal rulings.

What is Cheniere Energy's interest-bearing debt ratio?

Per Cheniere Energy's FY2025 10-K financial statements (fiscal year ended December 31, 2025), interest-bearing debt was $22,813M -- $22,507M of long-term debt, net of unamortized discount and debt issuance costs, plus $306M of current debt. Against a market cap of about $57.20B ($272.40 latest close retrieved October 2, 2026; 210M shares outstanding per filing-derived data), debt divided by market cap is about 39.88% -- above the ~33% ceiling, so Gate 2 fails. Including operating lease liabilities ($2,163M non-current plus $539M current) would raise the debt figure to about $25,515M, or about 44.6% of market cap. Cash and cash equivalents of $1,099M are about 1.92% of market cap, or about 2.77% including $485M of restricted cash.

What is Cheniere Energy's non-compliant income ratio?

Cheniere's FY2025 10-K income statement discloses a separate interest and dividend income line. Third-party screening data drawn from the FY2025 annual report reports interest income of $106M against revenue of $19,632M -- about 0.54% of revenue, well under the 5% non-compliant income ceiling (using the company's own reported total revenue of $19.98B for FY2025 gives about 0.53%). Gate 3 passes. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover Cheniere Energy?

All three third-party screeners cover LNG and agree it is not Shariah-compliant. Zoya flags LNG as not Shariah-compliant as of October 2026 (it reports $106M of interest income against $19,632M of revenue, about 0.54%, from the FY2025 annual report). Musaffa classifies LNG as not halal as of August 2026 under its screening methodology. ShariaPortfolio states Cheniere Energy, Inc. is not Shariah Compliant because it fails the financial ratios -- consistent with this page's Gate 2 debt fail. All three coverage statements are honestly reported, not invented.

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).