ESOADoubtfulB
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Is Energy Services of America (ESOA) Stock Halal?

Compliance Status

Doubtful

Screened on Nov 8, 2026 · AAOIFI Standard 21

B

Acceptable

68Score

Is Energy Services of America Corporation (ESOA) halal? Doubtful. Based on AAOIFI screening, Energy Services of America Corporation passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 68/100 (Grade: B).

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HalalScreener rates Energy Services of America Corporation (ESOA) Doubtful, 68/100, grade B under AAOIFI Standard 21, screened Nov 8, 2026. Source: https://halalscreener.app/en/stock/ESOA

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%.

28.2% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

You may own ESOA, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

We have screened ESOA's prohibited income, but the exact share you would need to purify is part of Pro.

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Energy Services of America Corporation

ESOA

Energy Services of America Corporation

NASDAQIndustrialsUS

$9.08

Market Cap: 169.4M

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About Energy Services of America Corporation

Energy Services of America Corporation (ESOA) delivers specialized contracting solutions to utility providers and energy-focused businesses throughout the United States. Its primary activities include the construction, replacement, and repair of both interstate and intrastate natural gas pipelines and their associated storage facilities, serving both public utility companies and private gas enterprises. Furthermore, ESOA provides a full spectrum of services for pipeline infrastructure, storage sites, and plant operations. Beyond its core gas infrastructure work, the company offers an extensive range of electrical and mechanical installation and maintenance services. These encompass substation and switchyard development, site preparation, equipment placement, pipe fabrication and fitting, packaged buildings, transformers, and other supplementary works. These diverse offerings cater to clients across the gas, petroleum power, chemical, water and sewer, and automotive sectors. ESOA's capabilities also extend to the development of liquid pipelines and pump stations, the construction of production facilities, and the installation of water and sewer pipelines. A broad array of maintenance and repair tasks, along with other specialized services related to pipeline construction, are also part of its comprehensive portfolio. The company's customer base is predominantly located in West Virginia, Virginia, Ohio, Pennsylvania, and Kentucky. Energy Services of America Corporation was founded in 2006 and is headquartered in Huntington, West Virginia.

Sector: Industrials · Industry: Engineering & Construction

Why This Stock Is Doubtful

  • Interest-bearing debt is 28.2% of market cap, only 1.8 points below the 30% AAOIFI limit.

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Nov 8, 2026
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Revenue BreakdownProSee plans

Compliance History

  1. Doubtfulnow

    since Oct 2026

  2. Halal

    until the change above

  3. Not Halal

    until the change above

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

Fiscal: Q3 2026Data source: EDGAR
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Frequently Asked Questions

Is Energy Services of America Corporation (ESOA) halal to invest in?
Energy Services of America Corporation (ESOA) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.
Why did Energy Services of America Corporation get a B compliance rating?
Energy Services of America Corporation (ESOA) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 28.2% (limit 30%); interest-bearing deposits well clear of the 30% limit; prohibited income well clear of the 5% limit. The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Energy Services of America Corporation's Shariah verdict?
Energy Services of America Corporation's verdict is recalculated at every re-screen, including the one that follows each new quarterly or annual report. 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 Energy Services of America Corporation re-screened for Shariah compliance?
Energy Services of America Corporation (ESOA) is screened from the latest financial statements on record, currently those for fiscal Q3 2026. The 500 largest US-listed companies, and every stock on a HalalScreener watchlist or portfolio, are re-screened daily against the current market cap; every other stock at least once a week. When the company files a new quarterly or annual report with the SEC, it is re-screened from that filing: we check the SEC's filing feed every 15 minutes and the earnings calendar every day. Last screened: Nov 8, 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.