Is National Energy Services Reunited Corp. (NESR) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 19.5% / 30% | 5.1% / 30% | 15.2% / 30% | N/A | ✓ HALAL |
| DJIM | 19.5% / 33% | 5.1% / 33% | 15.2% / 33% | N/A | ✓ HALAL |
| MSCI | 23.1% / 33% | 6.1% / 33% | 18.0% / 33% | N/A | ✓ HALAL |
| S&P | 19.5% / 33% | 5.1% / 33% | 15.2% / 33% | N/A | ✓ HALAL |
| FTSE | 23.1% / 33% | 6.1% / 33% | 18.0% / 50% | N/A | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 12.4% | |
| Operating Margin | 7.7% | |
| Net Margin | 3.9% | |
| Return on Equity (ROE) | 5.5% | |
| Return on Assets (ROA) | 3.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $264M |
| Free Cash Flow | $121M |
| Total Debt | $332M |
| Debt-to-Equity | 34.7 |
| Current Ratio | 1.0 |
| Total Assets | $1.9B |
Price & Trading
| Last Close | $21.43 |
| 50-Day MA | $21.49 |
| 200-Day MA | $13.29 |
| Avg Volume | 1.7M |
| Beta | 0.2 |
|
52-Week Range
$5.20
| |
About National Energy Services Reunited Corp. (NESR)
National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa. The company's Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline and industrial services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems. This segment also provides production assurance chemicals; integrated production management projects; artificial lift services; and surface and subsurface safety systems, high-pressure packer systems, flow controls, service tools, expandable liner technology, vacuum insulated tubing technology for steam applications, and engineering capabilities with manufacturing capacity and testing facilities, as well as sources and treats water for oil and gas, municipal, and industrial use. The Drilling and Evaluation Services segment offers drilling and workover rigs; rigs and integrated services; fishing and remediation solutions; directional and turbines drilling; drilling fluid systems and related technologies; wireline logging; slickline services, descaling, wax and sand cleanout, plug setting, gas lift valve changeout, fishing and other complex well applications; and well testing services to measure solids, gas, and oil and water produced from well, as well as drilling tools and machine shop services. This segment also provides oilfield solutions for thru-tubing intervention; tubular running services; and a range of wellhead products, flow control equipment, and frac equipment. National Energy Services Reunited Corp. was incorporated in 2017 and is headquartered in Houston, Texas.
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Frequently Asked Questions
Is National Energy Services Reunited Corp. (NESR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), National Energy Services Reunited Corp. 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 National Energy Services Reunited Corp.'s debt ratio?
National Energy Services Reunited Corp.'s debt ratio is 19.5% 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 23.1%.
What are National Energy Services Reunited Corp.'s key financial metrics?
National Energy Services Reunited Corp. has a market capitalization of $2.2B, trailing P/E ratio of 41.4, and revenue of $1.3B. The company maintains a gross margin of 12.4% and a net margin of 3.9%. Return on equity stands at 5.5%.
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.