
Is Kinder Morgan (KMI) stock Halal?
September 2026 AAOIFI screening result for Kinder Morgan, Inc. (KMI): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, fail. Preference shares, pass. Kinder Morgan, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Kinder Morgan is a leading energy infrastructure company in North America, specializing in the ownership and operation of extensive oil and gas pipelines and storage terminals. Its primary function is to transport and store essential commodities including natural gas, refined petroleum products, crude oil, carbon dioxide, and various renewable fuels. Before any of that matters to a Muslim investor, one question comes first: is Kinder Morgan stock Halal?
Is Kinder Morgan Shariah compliant?
For a resources company like Kinder Morgan, 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 Kinder Morgan pass the business activity test?
The activity screen is only part of the picture this month: Kinder Morgan currently fails the interest-bearing debt screen, so the overall verdict is not compliant regardless of the business itself. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.
Is Kinder Morgan's income Halal?
Yes, within AAOIFI's tolerance. Kinder Morgan's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Kinder Morgan meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.
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?



