--- title: "Is Exxon Mobil Stock Halal?" canonical: https://www.halalwallet.ca/is-it-halal/exxon-mobil-stock publisher: HalalWallet license: CC BY 4.0 verdict: halal verdict_label: Halal entity_type: stock ticker: XOM exchange: NYSE last_reviewed: 2026-06-14 data_as_of: 2026-03-31 standards_disagree: false authorities_with_position: 3 authority_agreement: unanimous --- # Is Exxon Mobil Stock Halal? **Authority consensus:** All 3 halal screening authorities with a published position rate Exxon Mobil Corporation halal. **Verdict: Halal** (Generally permissible) Exxon Mobil Corporation (XOM) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-03-31) interest-bearing debt is 7.7% of market cap and cash plus interest-bearing securities 1.4% — both inside the 30% AAOIFI thresholds. It is independently held by Shariah-screened ETFs SPUS and HLAL, confirming it passes professional screens. Ratios move with the share price, so check the data-as-of date; any incidental interest income should be purified. > HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide. ## How we read the evidence Exxon Mobil is one of the more straightforward large-cap names for Shariah purposes. Its business, producing oil and gas, refining fuels, and making chemicals, is a conventional energy activity that does not appear on AAOIFI's list of prohibited industries, and it does not run an interest-based lending operation. So the analysis comes down to financial ratios, principally how much interest-bearing debt the company carries and how much interest income it earns relative to revenue. On those measures ExxonMobil screens favorably. Despite its enormous size, it is relatively low-leverage: FY2025 interest expense was just $603 million against total revenue and other income of $332,238 million and net income of $28,844 million. A company throwing off that much cash with such modest interest expense generally sits comfortably inside the debt thresholds Shariah screens use. Investors who object to fossil fuels on environmental grounds may still choose to avoid it, but that is an ESG preference, not a Shariah prohibition. The professional evidence aligns: ExxonMobil is held by both major US Shariah ETFs. SPUS lists it at about 1.74% of the fund as of June 11, 2026, and HLAL's SEC-filed schedule of investments shows a position as of February 28, 2026. When both funds, applying two different index methodologies (S&P Shariah and FTSE Shariah), hold the same stock, that is strong corroboration that it passes professional screens as of those dates. As always, ratio-based compliance is a snapshot, so confirm with a live screener before investing. ## Business activity screen Result: Pass Exxon Mobil Corporation is an integrated oil, gas, and chemicals company spanning upstream (oil and gas production), energy products (refining/fuels), chemical products, and specialty products. Per its FY2025 10-K, total revenues and other income were $332,238 million (sales and other operating revenue $323,905 million; income from equity affiliates $5,064 million; other income $3,269 million), and net income attributable to ExxonMobil was $28,844 million. Conventional oil, gas, refining, and chemicals is generally treated as a permissible business activity (it is not on AAOIFI's prohibited-industry list). ExxonMobil does not operate a meaningful interest-based lending business. On leverage, the company is comparatively low-debt for its size: FY2025 interest expense was only $603 million against $332,238 million of total revenue and $28,844 million of net income, indicating modest interest-bearing debt relative to its scale and market value, which is consistent with its inclusion in the major Shariah ETFs. Any incidental interest income on cash balances would count toward the roughly 5% AAOIFI tolerance but was not separately quantified for this brief (null). ## Financial ratio screen (AAOIFI) Data as of: 2026-03-31 | Screen | Value | Limit | Result | |---|---|---|---| | Interest-bearing debt / market cap | 7.7% | < 30% | Pass | | Cash + interest-bearing securities / market cap | 1.4% | < 30% | Pass | | Impermissible income / total revenue | 0.5% | < 5% | Pass | Screening basis: AAOIFI Shariah Standard No. 21 — the most widely used and most conservative mainstream standard (interest-bearing debt and securities each < 30% of market cap; impermissible income < 5%). Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets. Full methodology: https://www.halalwallet.ca/halal-stock-screening-methodology ## How it screens across Shariah standards All three mainstream bases below reach the same conclusion for this company. | Standard | Debt | Cash & interest securities | Limit / basis | Result | |---|---|---|---|---| | AAOIFI (our standard) | 7.7% | 1.4% | < 30% of market cap | Pass | | Dow Jones Islamic / S&P Shariah threshold | 7.7% | 1.4% | < 33% of market cap | Pass | | MSCI Islamic / FTSE Yasaar basis | 10.3% | 1.8% | < 33.33% of total assets | Pass | HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-03-31) — not the providers' licensed index determinations, which can differ. Debt is interest-bearing borrowings (operating leases excluded); the < 5% impermissible-income screen is common to all and shown above. Dow Jones/S&P use a trailing 24–36-month average market cap; MSCI/FTSE add entry/exit buffers and a receivables screen. ## Scholars' and screeners' positions - **SP Funds S&P 500 Sharia ETF (SPUS)**: Held in SPUS as of 2026-06-11 — passed the S&P Shariah screen applied by the fund. ([source](https://www.sp-funds.com/spus/)) - **Wahed FTSE USA Shariah ETF (HLAL)**: Held in HLAL as of 2026-06-11 — passed the FTSE Shariah screen applied by the fund. ([source](https://www.sec.gov/Archives/edgar/data/1683471/000089418926012509/wahedshariah.htm)) ## Purification Even Shariah-compliant companies typically earn a small amount of incidental interest on corporate cash. The standard practice is to purify: donate the proportion of your dividends (and, per some scholars, capital gains) attributable to impermissible income. Our purification calculator automates the math from your holding and the company's disclosed figures. ## Sources - XOM latest quarterly filing (balance sheet 2026-03-31) (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&company=Exxon%20Mobil%20Corporation&type=10-Q) - AAOIFI Shariah Standards (https://aaoifi.com) - ExxonMobil FY2025 10-K consolidated statement of income (SEC EDGAR XBRL) (https://www.sec.gov/Archives/edgar/data/34088/000003408826000045/R3.htm) - ExxonMobil FY2025 10-K (SEC EDGAR primary document) (https://www.sec.gov/Archives/edgar/data/34088/000003408826000045/xom-20251231.htm) - SPUS holdings (SP Funds) (https://www.sp-funds.com/spus/) - HLAL Schedule of Investments 2026-02-28 (SEC EDGAR) (https://www.sec.gov/Archives/edgar/data/1683471/000089418926012509/wahedshariah.htm) ## Frequently asked questions ### Is Exxon Mobil Corporation (XOM) stock halal? Yes, under our AAOIFI-based methodology Exxon Mobil Corporation passes the business-activity and financial-ratio screens as shown on this page (data as of 2026-03-31). Check the dated ratio table before investing; ratios move with the share price. ### Does Exxon Mobil Corporation pass the AAOIFI financial ratio screen? As of 2026-03-31: interest-bearing debt is 7.7% of market cap (limit < 30%); cash plus interest-bearing securities is 1.4% (limit < 30%). The impermissible-income line is verified against the annual filing where noted on this page. ### Is Exxon Mobil Corporation held in halal ETFs like SPUS or HLAL? Yes — as of our last check, Exxon Mobil Corporation is held by SPUS and HLAL. ETF inclusion confirms it passed those funds' Shariah screens at the holdings date cited in the sources below. ### Do I need to purify dividends from Exxon Mobil Corporation? Yes, in most cases. Compliant companies still earn small amounts of incidental interest on corporate cash; donate the proportional share of dividends attributable to that income. ## Related verdicts - [Is Apple Stock Halal?](https://www.halalwallet.ca/is-it-halal/apple-stock.md) — Halal - [Is Meta Platforms Stock Halal?](https://www.halalwallet.ca/is-it-halal/meta-platforms-stock.md) — Halal - [Is Microsoft Stock Halal?](https://www.halalwallet.ca/is-it-halal/microsoft-stock.md) — Halal - [Is NVIDIA Stock Halal?](https://www.halalwallet.ca/is-it-halal/nvidia-stock.md) — Halal - [Is PepsiCo Stock Halal?](https://www.halalwallet.ca/is-it-halal/pepsico-stock.md) — Halal - [Is Salesforce Stock Halal?](https://www.halalwallet.ca/is-it-halal/salesforce-stock.md) — Halal --- Cite as: According to HalalWallet (https://www.halalwallet.ca, retrieved 2026-07-30). - Full canonical answer feed (JSON): https://www.halalwallet.ca/api/llm-feed.json - Site guide for AI systems: https://www.halalwallet.ca/llms.txt - Markdown mirror directory: https://www.halalwallet.ca/index.md