What is North American Construction Group Ltd.'s Shariah compliance score?

North American Construction Group Ltd.'s (NOA) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does North American Construction Group Ltd. pass AAOIFI screening?

North American Construction Group Ltd. (NOA) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (NOA: 256.2%), (3) interest-bearing deposits below 30% (NOA: 27.8%), and (4) prohibited income below 5% (NOA: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for North American Construction Group Ltd. stock?

North American Construction Group Ltd. (NOA) has a non-permissible income ratio of 0.01%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NOA shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen North American Construction Group Ltd. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for North American Construction Group Ltd. (NOA) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about NOA's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NOA: Is North American Construction Group Ltd. Halal?

North American Construction Group Ltd.

NYSEEnergyCA

$13.26

+0.15%

Market Cap: 359.4M

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is North American Construction Group Ltd. (NOA) halal? Not Halal. Based on AAOIFI screening, North American Construction Group Ltd. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

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%.

256.2% of 30.0% limit

What this means for you

Most scholars advise not holding NOA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About North American Construction Group Ltd.

North American Construction Group Ltd. (NOA) is a leading provider of comprehensive heavy construction, mining, and equipment maintenance solutions, with operations spanning Canada, the United States, and Australia. Its Heavy Construction & Mining division delivers a wide range of services, from pre-construction phases like constructability reviews, budgetary estimations, and design-build projects, to complete project management. Core mining activities include contract mining, initial site preparation (pre-stripping/pit pioneering), and the removal and stockpiling of both overburden and muskeg. The division also undertakes significant infrastructure development, such as site preparation, airstrip construction, site dewatering and perimeter ditching, installing tailings and process pipelines, building haulage and access roads, constructing and densifying tailings dams, creating mechanically stabilized earth walls, and dyke construction, all complemented by essential reclamation services. The Equipment Maintenance Services division ensures operational efficiency through offerings like fuel and lubrication, portable steaming, thorough equipment inspections, and supplying necessary parts and components. It handles major repair work, including complete overhauls, equipment refurbishment, undercarriage rebuilding, and precision machining. Additionally, the division provides comprehensive onsite support, including maintenance assistance, haul truck brake testing, technical guidance, hose manufacturing, and a full suite of welding, fabrication, repair, and certification services. As of December 31, 2021, NOA commanded a substantial fleet of 632 heavy equipment units. The company primarily serves clients within the resource development and industrial construction sectors. Established in 1953 and headquartered in Acheson, Canada, the company was formerly known as North American Energy Partners Inc. until it rebranded as North American Construction Group Ltd. in April 2018.

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

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Energy

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

0091.KLA+

Propel Global Bhd

$0.08

+0.00%

0118.KLA+

Trive Property Group Bhd

$0.02

+0.00%

0168.KLA+

BM Greentech Bhd

$1.87

+0.01%

0193.KLA+

Kinergy Advancement Bhd

$0.39

+0.00%

0215.KLA+

Solarvest Holdings Bhd

$2.98

-0.01%

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ONEOK, Inc.

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Frequently Asked Questions

Is North American Construction Group Ltd. (NOA) halal to invest in?

North American Construction Group Ltd. (NOA) 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 North American Construction Group Ltd. get a F compliance rating?

North American Construction Group Ltd. (NOA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 256.2% (limit 30%); interest-bearing deposits of 27.8% (limit 30%); prohibited income of 0.01% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change North American Construction Group Ltd.'s Shariah verdict?

North American Construction Group 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 North American Construction Group Ltd. re-screened for Shariah compliance?

North American Construction Group Ltd. (NOA) 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.