High Arctic Energy Services Inc

HWO.TO

Compliant
Exchange
Sector
Headquarters
Group
The Toronto Stock Exchange
Energy
Canada
Micro cap

High Arctic Energy Services Inc is Shariah Compliant. It passes 4/5 Shariah standards we screen against.

1.97%

Impure Income*

$0.003

Purification*

$0.016

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
0
$0
$0.00
$0.00
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-5.61%
-28.32%
-20.22%
1.58
1.59
0.00%

Shariah Compliance

  • Updated on September 24, 2025
Debt
44.08%
✗
Non-Compliant Assets
26.53%
✓
Impure Income
1.97%
✓

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
9.97%
✓
Impure Income
1.97%
✓

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
13.67%
✓
Impure Income
1.97%
✓

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
15.71%
✓
Cash
17.9%
✓
Cash & AR
26.2%
✓
Impure Income
1.97%
✓

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
15.71%
✓
Cash
17.9%
✓
Cash & AR
26.2%
✓
Impure Income
1.97%
✓

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
1.97%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

High Arctic Energy Services Inc. is a Canada-based company. The Company is primarily involved in the provision of pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment on a rental basis to exploration and production companies in Canada. It conducts its business activities through two reporting segments. The rental services segment consists of its rental equipment assets in western Canada. The investments and corporate segment includes all other assets and activities, namely, High Arctic’s equity investment in Team Snubbing Services Inc. (Team Snubbing), industrial property, head office functional support, and other monetary investments and borrowings. The Company offers a lineup of oil-field rental equipment for drilling, completions, workover and abandonment of oil and gas operations.

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