TRP — TC Energy Corp.

Core pipeline business is permissible, but the sector is known for high leverage.

Why?

TC Energy's core business — transporting natural gas and oil via pipelines — is permissible. Like other pipeline and midstream companies, it is characteristically financed with significant debt, making the debt ratio a recurring and material consideration for this sector.

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.