Cenovus Energy Inc (Pre-Merger)

CVE

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Energy
Canada

Cenovus Energy Inc (Pre-Merger) is Shariah Compliant. It passes 4/5 Shariah standards we screen against.

0.27%

Impure Income*

$0.011

Purification*

$0.020

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
BUY
$28.23
8
-7.35%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
9.54%
7.91%
1.04
1.57
41.96%

Shariah Compliance

  • Updated on June 4, 2026
Debt
21.21%
✓
Non-Compliant Assets
0.04%
✓
Impure Income
0.27%
✓

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
32.2%
✓
Impure Income
0.27%
✓

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
33.17%
✗
Impure Income
0.27%
✓

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
22.4%
✓
Cash
4.36%
✓
Cash & AR
9.22%
✓
Impure Income
0.27%
✓

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
22.4%
✓
Cash
4.36%
✓
Cash & AR
9.22%
✓
Impure Income
0.27%
✓

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
0.27%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile