CP — Canadian Pacific Kansas City Ltd.

Permissible business; carries meaningful debt typical of capital-intensive railroads.

Why?

CPKC's core freight railroad business is permissible. Like most railroads it carries meaningful debt to finance capital-intensive infrastructure and its recent Kansas City Southern merger, which is worth verifying against current filings.

How this was screened

Primary basis: Financial-ratio screen.

References

• Screened against commonly applied Islamic finance criteria (business-activity exclusions plus AAOIFI-influenced financial ratio thresholds); exact methodology varies by provider (e.g. AAOIFI, S&P/Dow Jones Islamic Market, MSCI Islamic).

As of: 2026-09-06

This is informational guidance only, not investment advice or a certified Sharia determination. Financial ratios shift every quarter — always verify current figures with a dedicated Islamic screening service or qualified financial and religious advisor before making investment decisions.