NCS Multistage Holdings, Inc.

NCSM: Is NCS Multistage Holdings, Inc. Halal?

NCS Multistage Holdings, Inc.

NASDAQEnergyUS

$48.65

+0.14%

Market Cap: 127.7M

Compliance Status

Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

B+

Good

76Score

Is NCS Multistage Holdings, Inc. (NCSM) halal? Halal. Based on AAOIFI screening, NCS Multistage Holdings, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 76/100 (Grade: B+).

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

4.1% of 30.0% limit

What this means for you

You can own NCSM

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

Purification amount is Pro

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

About NCS Multistage Holdings, Inc.

NCS Multistage Holdings, Inc. furnishes specialized engineered products and supportive services vital for completing oil and natural gas wells and executing field development strategies across the United States, Canada, and various international regions. Its array of offerings includes fracturing systems, featuring advanced components like casing-installed sliding sleeves, subsurface frac isolation assemblies, sand jet perforating tools, Accelus sliding sleeves, injection control devices, and repeat precision products. Additionally, the company provides chemical and radioactive tracer diagnostics, along with general well construction materials. Beyond products, the firm delivers tracer diagnostic services that utilize downhole chemical and radioactive tracers to facilitate accurate well completion and thorough reservoir characterization. These solutions are primarily directed at exploration and production companies for their onshore drilling projects. Sales and distribution are handled by a technically proficient direct sales force, in collaboration with operating partners, or via authorized sales representatives. Founded in 2006, NCS Multistage Holdings, Inc. is headquartered in Houston, Texas, and was formerly known as Pioneer Super Holdings, Inc. until its name change in December 2016.

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

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is NCS Multistage Holdings, Inc. (NCSM) halal to invest in?
Based on AAOIFI Standard 21 screening, NCS Multistage Holdings, Inc. (NCSM) 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 NCS Multistage Holdings, Inc. get a B+ compliance rating?
NCS Multistage Holdings, Inc. (NCSM) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 4.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change NCS Multistage Holdings, Inc.'s Shariah verdict?
NCS Multistage Holdings, Inc.'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 NCS Multistage Holdings, Inc. re-screened for Shariah compliance?
NCS Multistage Holdings, Inc. (NCSM) 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: Aug 26, 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.