CE

Celanese Corporation

DOUBTFUL

Score: 56/100

stock

Is CE Halal?

Specialty-materials and chemicals producer whose products are permissible, but acquisition-driven leverage often pushes debt above the threshold.

What You Should Know

Celanese Corporation is a global producer of engineered polymers, acetyl chemicals, and specialty materials used in automotive, industrial, and consumer applications. Manufacturing industrial materials is a clearly permissible activity with no haram revenue line. The complication is financial: Celanese took on a large amount of debt to fund its acquisition of DuPont's Mobility & Materials business, and its total-debt-to-market-cap ratio has frequently exceeded the 33% Sharia threshold. Because passing the debt screen depends on the share price and the latest balance sheet, the stock is best treated as doubtful pending confirmation that total debt / market cap sits under 33%. Interest income on cash is incidental and should be checked against the 5% threshold and purified.

⚠️ Concerns

•Acquisition-driven debt has frequently pushed total debt / market cap above the 33% threshold — this is the deciding screen and must be confirmed against the latest filings
•The verdict is debt-dependent and can change as the company pays down its acquisition financing
•Interest income on cash should be checked against the 5% threshold and the corresponding portion of returns purified
•Re-screen before each purchase given the leverage sensitivity