What is Cenovus Energy Inc.'s Shariah compliance score?

Cenovus Energy Inc. (CVE) has a Shariah compliance score of 74/100 (Grade: B+, Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Cenovus Energy Inc. pass AAOIFI screening?

Cenovus Energy Inc. (CVE) partially passes with caution AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (CVE: 25.2%), (3) interest-bearing deposits below 30% (CVE: 4.1%), and (4) prohibited income below 5% (CVE: 0.3%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Cenovus Energy Inc. stock?

Cenovus Energy Inc. (CVE) has a non-permissible income ratio of 0.28%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CVE shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Cenovus Energy Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Cenovus Energy Inc. (CVE) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about CVE's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Cenovus Energy Inc. (CVE) halal? Doubtful. Based on AAOIFI screening, Cenovus Energy Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 74/100 (Grade: B+).

CVE: Is Cenovus Energy Inc. Halal?

Doubtful

Cenovus Energy Inc.

NYSEEnergyCA

$25.60

-2.48%

AvoidBorderlineClean

Purify ~0.3% of income

About Cenovus Energy Inc.

Cenovus Energy Inc. is an integrated energy firm involved in the exploration, extraction, processing, and sale of crude oil, natural gas liquids, and natural gas. Its operations span Canada, the United States, and the Asia Pacific region. The company organizes its extensive activities across six core segments: Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail. The Oil Sands division is responsible for developing and producing bitumen and heavy oil from significant projects in northern Alberta and Saskatchewan, including Foster Creek, Christina Lake, Sunrise, and Tucker, in addition to its Lloydminster thermal and conventional heavy oil operations. Cenovus’s Conventional segment encompasses assets primarily situated in Alberta and British Columbia, specifically in areas such as Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake, alongside holdings in various natural gas processing facilities. The Offshore segment is solely dedicated to exploration and development endeavors. Its Canadian Manufacturing segment includes the proprietary Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel fuel, asphalt, and other related products. This segment also oversees the Bruderheim crude-by-rail terminal and operates two ethanol plants. The U.S. Manufacturing segment focuses on refining crude oil to produce diesel, gasoline, jet fuel, asphalt, and various other petroleum products. Finally, the Retail segment manages the distribution and sales of both its own and third-party refined petroleum products through a network of retail, commercial, and bulk petroleum outlets, as well as wholesale channels. Cenovus Energy Inc. was founded in 2009 and maintains its corporate headquarters in Calgary, Canada.

Sector: Energy · Industry: Oil & Gas Integrated

Why This Stock Is Doubtful

Debt is 25.2% of market cap, only 4.8 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026

B+

Good

Good compliance with minor concerns

74Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap25.2% / 30.0%

Compliance History

Doubtfulnow
since Jun 2026
Halal
until the change above
Not Halal
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 18, 2026Fiscal: FY 2025Source: FMP-ADR

Purify Your CVE Dividends

0.3% non-compliant income

CVE has 0.3% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

47.7B

Price

$25.60

Sector

Energy

Industry

Oil & Gas Integrated

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Frequently Asked Questions

Is Cenovus Energy Inc. (CVE) halal to invest in?

Cenovus Energy Inc. (CVE) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Cenovus Energy Inc. get a B+ compliance rating?

Cenovus Energy Inc. (CVE) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 25.2% (limit 30%); interest-bearing deposits of 4.1% (limit 30%); prohibited income of 0.28% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Cenovus Energy Inc.'s Shariah verdict?

Cenovus Energy Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Cenovus Energy Inc. re-screened for Shariah compliance?

Cenovus Energy Inc. (CVE) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 18, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.