Is SLB (SLB) stock Halal?

SLB is a leading provider of technology and services to the global oil and gas industry. The company's primary function is to supply oilfield services and technology solutions that enhance reservoir performance and improve drilling operations. Schlumberger's offerings span the entire life cycle of energy projects, including drilling, formation evaluation, well completion, and production optimization. It significantly impacts sectors such as exploration and production, providing data and analytics that increase the efficiency and effectiveness of energy extraction. Before any of that matters to a Muslim investor, one question comes first: is SLB stock Halal?

Is SLB Shariah compliant?

For a resources company like SLB, 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 SLB pass the business activity test?

Yes. In the September 2026 screening SLB 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 SLB's income Halal?

Yes, within AAOIFI's tolerance. SLB's 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 99.69% tells holders of SLB what share of each dividend to keep and what remainder to donate to charity.

Does SLB 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 SLB 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?