Is Sinopec Shanghai Petrochemical Co Ltd Stock Halal?

Sinopec Shanghai Petrochemical Co Ltd is a CN-based company operating in Chemicals industry. The company is headquartered in Shanghai, Shanghai and currently employs 6,940 full-time employees. Sinopec Shanghai Petrochemical Co Ltd is a China-based company mainly engaged in petrochemical business. The firm conducts its businesses through three segments. The Refined Products segment has oil refining equipment to produce qualified refined gasoline, kerosene, diesel, heavy oil and liquefied petroleum gas. The Chemical Products segment mainly produces paraxylene, benzene, ethylene oxide, polyethylene resin, polypropylene resin, acrylic fiber and carbon fiber. The Petrochemical Products Trading segment is mainly engaged in the import and export trade of petrochemical products. The firm also engages in leasing business, provision of labor services and various other business activities. The firm mainly conducts its businesses in domestic and foreign markets.