Is Smart Sand, Inc. (SND) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 22.9% / 30% | 1.0% / 30% | 29.0% / 30% | 0.66% / 5% | ✓ HALAL |
| DJIM | 22.9% / 33% | 1.0% / 33% | 29.0% / 33% | 0.66% / 5% | ✓ HALAL |
| MSCI | 10.9% / 33% | 0.5% / 33% | 13.8% / 33% | 0.66% / 5% | ✓ HALAL |
| S&P | 22.9% / 33% | 1.0% / 33% | 29.0% / 33% | 0.66% / 5% | ✓ HALAL |
| FTSE | 10.9% / 33% | 0.5% / 33% | 13.8% / 50% | 0.66% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 11.5% | |
| Operating Margin | -2.8% | |
| Net Margin | 0.4% | |
| Return on Equity (ROE) | 0.6% | |
| Return on Assets (ROA) | -0.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $44M |
| Free Cash Flow | $33M |
| Total Debt | $36M |
| Debt-to-Equity | 15.1 |
| Current Ratio | 1.8 |
| Total Assets | $340M |
Price & Trading
| Last Close | $5.20 |
| 50-Day MA | $4.59 |
| 200-Day MA | $3.00 |
| Avg Volume | 394K |
| Beta | 0.4 |
|
52-Week Range
$1.76
| |
About Smart Sand, Inc. (SND)
Smart Sand, Inc., a fully integrated frac and industrial sand supply and services company, provides mine to wellsite proppant supply and logistics solutions to its frac sand customers in the United States and Canada. The company operates in two segments, Sand and SmartSystems. The Sand segment offers frac sand and industrial products solutions. The SmartSystems segment rents its patented SmartSystems equipment and offers related services, as well as provides portable wellsite storage and management solutions. The company engages in the excavation, processing, and sale of sand or proppant for use in hydraulic fracturing operations. The company markets its products and services to oil and natural gas exploration and production companies, oilfield service companies, and diversified industrial and commercial customers. Smart Sand, Inc. was incorporated in 2011 and is headquartered in Yardley, Pennsylvania.
Purification Calculator
As a halal stock with 0.66% impermissible income, you need to purify your dividends.
Related Halal Stocks in Energy
Frequently Asked Questions
Is Smart Sand, Inc. (SND) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Smart Sand, 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 Smart Sand, Inc.'s debt ratio?
Smart Sand, Inc.'s debt ratio is 22.9% 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 10.9%.
Does Smart Sand, Inc. require dividend purification?
Yes, Smart Sand, Inc. has an impermissible income ratio of 0.66%, which means 0.66% 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 Smart Sand, Inc.'s key financial metrics?
Smart Sand, Inc. has a market capitalization of $217M, trailing P/E ratio of 182.3, and revenue of $330M. The company maintains a gross margin of 11.5% and a net margin of 0.4%. Return on equity stands at 0.6%.
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.