Nine Energy Service, Inc.

NINE: Is Nine Energy Service, Inc. Halal?

Nine Energy Service, Inc.

AMEXEnergyUS

$10.56

-3.21%

Market Cap: 147.3M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Nine Energy Service, Inc. (NINE) halal? Not Halal. Based on AAOIFI screening, Nine Energy Service, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

66.1% of 30.0% limit

What this means for you

Most scholars advise not holding NINE

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Nine Energy Service, Inc.

Nine Energy Service, Inc., headquartered in Houston, Texas, is a provider of onshore well completion solutions. The company primarily caters to the development of unconventional oil and gas resources throughout North American basins and globally. Its service offerings encompass several critical areas: Cementing Services: This involves expertly blending high-grade cement, water, and various solid and liquid additives to create a specialized slurry. This mixture is then pumped between the well's casing and the surrounding wellbore to ensure structural integrity and zonal isolation. Completion Tools: Nine Energy supplies a comprehensive array of specialized tools designed for well completion. These include, but are not limited to, liner hangers and their accessories, fracture isolation packers, frac sleeves, initial stage preparation tools, frac plugs, casing flotation devices, specialized open-hole float equipment, disk subs, composite cement retainers, and centralizers, with a particular focus on precision frac sleeve system technologies. Wireline Services: The company performs essential wireline operations, such as plug-and-perf completions. This advanced, multi-stage technique for cased-hole wells entails accurately deploying perforating guns and isolation tools to specific depths within the well. Coiled Tubing Services: Additionally, Nine Energy offers coiled tubing services, facilitating various wellbore intervention procedures. These operations utilize a continuous, flexible steel pipe, transported to the wellsite on a large spool, capable of extending up to 30,000 feet into the well. Originally incorporated in 2011 as NSC-Tripoint, Inc., the company adopted its current name, Nine Energy Service, Inc., in October of the same year.

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

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Not 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

Halal Alternatives in Energy

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is Nine Energy Service, Inc. (NINE) halal to invest in?
Nine Energy Service, Inc. (NINE) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Nine Energy Service, Inc. get a F compliance rating?
Nine Energy Service, Inc. (NINE) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 66.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Nine Energy Service, Inc.'s Shariah verdict?
Nine Energy Service, 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 Nine Energy Service, Inc. re-screened for Shariah compliance?
Nine Energy Service, Inc. (NINE) 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.