ProPetro Holding Corp. (PUMP) - Not Halal (Non-Compliant)
ProPetro Holding Corp. (PUMP) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Result
- Pass
- Reason
- The sector "Energy" and industry "Oil & Gas Equipment & Services" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 73.4% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 67.1% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.00%.No non-permissible income detected in the financial statements. No purification is required based on available data.
About ProPetro Holding Corp.
ProPetro Holding Corp. operates as an integrated energy services company. It offers hydraulic fracturing, wireline and cementing, other complementary energy completion services, and power generation services to oil and gas producers and non-oil and gas applications, such as general industrial projects and data centers located primarily in Texas and New Mexico. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.
Frequently Asked Questions
Is ProPetro Holding Corp. (PUMP) stock halal to invest in?
According to AAOIFI Shariah screening standards, ProPetro Holding Corp. (PUMP) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does ProPetro Holding Corp. have any interest income?
ProPetro Holding Corp.'s interest income ratio is 67.1% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if PUMP stock is Shariah-compliant?
PUMP is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.

