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Shariah compliance overview

Halal

PHX Energy Services Corp. (PHX.TO) is currently classified as Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About PHX Energy Services Corp.

PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, the Middle East regions, and internationally.

PHX Energy Services Corp. (PHX.TO) operates in the Energy sector, in the Oil & Gas Drilling industry.

Why it is halal: it passes all three AAOIFI screens. Non-compliant revenue is 0.00% (limit 5%), interest-bearing debt is 8.46% (limit 30%) and interest-bearing securities and assets are 6.94% (limit 30%).

Business Activity
0.00%Limit 5%Pass
Interest-bearing debt
8.46%Limit 30%Pass
Interest-bearing securities and assets
6.94%Limit 30%Pass
Dividend purification
0.00%Share of dividends to give to charityPurification calculator

Last updated: Nov 3, 2026 · Screening is informational and not a fatwa. Consult a qualified scholar for personal guidance.

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Frequently asked questions

Quick answers about PHX Energy Services Corp. (PHX.TO). Current Akinda screening label: Halal.