Is Arq, Inc. (ARQ) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 25.1% / 30% | 9.9% / 30% | 10.9% / 30% | 1.01% / 5% | ✓ HALAL |
| DJIM | 25.1% / 33% | 9.9% / 33% | 10.9% / 33% | 1.01% / 5% | ✓ HALAL |
| MSCI | 12.1% / 33% | 4.8% / 33% | 5.2% / 33% | 1.01% / 5% | ✓ HALAL |
| S&P | 25.1% / 33% | 9.9% / 33% | 10.9% / 33% | 1.01% / 5% | ✓ HALAL |
| FTSE | 12.1% / 33% | 4.8% / 33% | 5.2% / 50% | 1.01% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 32.0% | |
| Operating Margin | -22.1% | |
| Net Margin | -43.7% | |
| Return on Equity (ROE) | -27.3% | |
| Return on Assets (ROA) | -2.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$3M |
| Free Cash Flow | -$11M |
| Total Debt | $37M |
| Debt-to-Equity | 22.3 |
| Current Ratio | 1.0 |
| Total Assets | $231M |
Price & Trading
| Last Close | $2.50 |
| 50-Day MA | $3.16 |
| 200-Day MA | $4.96 |
| Avg Volume | 753K |
| Beta | 3.4 |
|
52-Week Range
$1.54
| |
About Arq, Inc. (ARQ)
Arq, Inc., an environmental technology company, engages in the sale of consumable air, water, and soil treatment solutions based on activated carbon in the United States and Canada. Its products include granular activated carbon, powdered activated carbon, and colloidal carbon products; and additives for air emissions control. The company's products are used in various applications, including water treatment, ground water remediation, soil sediments, air emissions, and asphalt additives. The company was formerly known as Advanced Emissions Solutions, Inc. and changed its name to Arq, Inc. in February 2024. Arq, Inc. was founded in 1997 and is headquartered in Greenwood Village, Colorado.
Purification Calculator
As a halal stock with 1.01% impermissible income, you need to purify your dividends.
Related Halal Stocks in Industrials
Frequently Asked Questions
Is Arq, Inc. (ARQ) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Arq, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Arq, Inc.'s debt ratio?
Arq, Inc.'s debt ratio is 25.1% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 12.1%.
Does Arq, Inc. require dividend purification?
Yes, Arq, Inc. has an impermissible income ratio of 1.01%, which means 1.01% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Arq, Inc.'s key financial metrics?
Arq, Inc. has a market capitalization of $109M, and revenue of $120M. The company maintains a gross margin of 32.0% and a net margin of -43.7%. Return on equity stands at -27.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.