
Is CF Industries (CF) stock Halal?
CF Industries Holdings, Inc. (CF) is Shariah compliant in the September 2026 AAOIFI screening, passing all four AAOIFI screens. Dividends are purified using a factor of 98.85%. Tabadulat re-screens CF monthly, and the status can change when new financial data arrives.
CF Industries is the world’s largest producer of ammonia and a leading global manufacturer of hydrogen and nitrogen products for clean energy, emissions abatement, fertilizers, and industrial applications. Its core products include anhydrous ammonia (NH3), granular urea, urea ammonium nitrate (UAN), ammonium nitrate, and diesel exhaust fluid (DEF), primarily produced via the Haber-Bosch process using low-cost natural gas feedstock. Before any of that matters to a Muslim investor, one question comes first: is CF Industries stock Halal?
Is CF Industries Shariah compliant?
For a resources company like CF Industries, AAOIFI Shariah Standard No. 21 has little quarrel with the product; the scrutiny falls on the financing. Heavy machinery and long project cycles are usually funded with debt, and the standard tolerates interest bearing borrowing only below 30% of market capitalisation.
Does CF Industries pass the business activity test?
Yes. In the September 2026 screening CF Industries holds an overall PASS, which a stock only earns when its core business clears the activity screen. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.
Is CF Industries' income Halal?
Yes, within AAOIFI's tolerance. CF Industries' income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 98.85% tells holders of CF what share of each dividend to keep and what remainder to donate to charity.
Does CF Industries meet AAOIFI's debt and investment ratio requirements?
Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has CF re-screened every month, and the result above always shows the latest verdict.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?



