Enerflex Ltd.

EFXT: Is Enerflex Ltd. Halal?

Enerflex Ltd.

NYSEEnergyCA

$23.86

-0.95%

Market Cap: 2.9B

Compliance Status

Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

B+

Good

77Score

Is Enerflex Ltd. (EFXT) halal? Halal. Based on AAOIFI screening, Enerflex Ltd. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 77/100 (Grade: B+).

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

24.5% of 30.0% limit

What this means for you

You can own EFXT

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purify 0.1% of your income from EFXT

That is about $0.10 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Enerflex Ltd.

Enerflex Ltd., founded in Calgary, Canada in 1980, is a global provider of critical infrastructure and services for the oil and natural gas sector. The company specializes in gas compression technology, hydrocarbon processing, sophisticated refrigeration systems, energy transition solutions, and electrical power generation equipment. Their expertise includes the design, engineering, manufacturing, construction, and installation of both custom and standard compression packages for reciprocating and screw applications. They also develop and deploy modular natural gas processing equipment, waste gas systems, and electric power solutions. Furthermore, Enerflex offers services for re-engineering, reconfiguring, and re-packaging compressors to adapt to various field conditions. Complementing its equipment offerings, Enerflex provides extensive post-sales support. This includes spare parts distribution, operational and maintenance solutions, equipment optimization initiatives, manufacturer guarantees, exchange component programs, long-term service contracts, and expert technical assistance. The company also manages a significant rental fleet of natural gas compressors, boasting approximately 800,000 horsepower. Enerflex serves a broad international clientele, ranging from independent and integrated oil and gas companies to midstream and petrochemical firms, power generation entities, industrial consumers of natural gas-powered electricity, and participants in the carbon capture market. Their widespread operations span Canada, the United States, Latin America (Argentina, Bolivia, Brazil, Colombia, Mexico), the United Kingdom, the Middle East (Bahrain, Kuwait, Oman, United Arab Emirates), and the Asia-Pacific region (Australia, New Zealand, Indonesia, Malaysia, Thailand).

Sector: Energy · Industry: Oil & Gas Equipment & Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP
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Frequently Asked Questions

Is Enerflex Ltd. (EFXT) halal to invest in?
Based on AAOIFI Standard 21 screening, Enerflex Ltd. (EFXT) is rated Halal with a compliance grade of B+ (Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Enerflex Ltd. get a B+ compliance rating?
Enerflex Ltd. (EFXT) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 24.5% (limit 30%); interest-bearing deposits of 2.8% (limit 30%); prohibited income of 0.12% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Enerflex Ltd.'s Shariah verdict?
Enerflex Ltd.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Enerflex Ltd. re-screened for Shariah compliance?
Enerflex Ltd. (EFXT) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 18, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.