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Is Clean Energy Fuels Corp Stock Halal?
Shariah Compliance Analysis of CLNE Stock
United States Energy Small Cap No. As of October 2026, Clean Energy Fuels Corp (CLNE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Clean Energy Fuels Corp does not pass Musaffa's business and financial screening criteria.
Clean Energy Fuels Corp. engages in the provision of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company is headquartered in Newport Beach, California and currently employs 503 full-time employees. The company went IPO on 2007-05-25. The firm is engaged in the business of selling renewable and conventional natural gas as alternative fuels for vehicle fleets and related fueling solutions to its customers, primarily in the United States (U.S.) and Canada. Its principal business is supplying renewable natural gas (RNG) and conventional natural gas, in the form of compressed natural gas (CNG) and liquefied natural gas (LNG), for medium and heavy-duty vehicles and providing operation and maintenance (O&M) services to public and private vehicle fleets to customer stations. The firm is also focused on developing, owning, and operating dairy and other livestock waste RNG projects and supplying RNG (procured from third party sources and from its anaerobic digester gas RNG joint venture project with TotalEnergies S.E.) to its customers in the heavy and medium-duty commercial transportation sector.
CLNE Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Clean Energy Fuels Corp is classified as not halal.
NOT HALALClean Energy Fuels Corp (CLNE) Chart
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Financial Metrics & Statements of Clean Energy Fuels Corp (CLNE)
FAQ's for Clean Energy Fuels Corp (CLNE)
- As of October 2026, Clean Energy Fuels Corp CLNE is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Clean Energy Fuels Corp using these criteria to determine its compliance status.
- Muslim investors may consider investing in Clean Energy Fuels Corp if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Clean Energy Fuels Corp by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Clean Energy Fuels Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Clean Energy Fuels Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Clean Energy Fuels Corp (CLNE)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
