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KLNG Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: October 31, 2024

Report Source: 2024 2nd Quarter Report

Koil Energy Solutions Inc

Koil Energy Solutions Inc. Stock Analysis KLNG

United States Energy Nano Cap Report:
Koil Energy Solutions, Inc. is an energy services company, which engages in the provision of equipment and support services to energy and offshore industries. The company is headquartered in Houston, Texas. The company went IPO on 2000-06-22. Its core services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, and related services. The company supports subsea engineering, manufacturing, installation, commissioning, and maintenance projects located anywhere in the world. Its solutions are engineered and manufactured primarily for integrated, large independent, and foreign national energy companies in offshore areas throughout the world. These products are often developed in direct response to customer requests for solutions to critical needs in the field. Its products include Flying Leads, Umbilical Hardware, Installation Aids and Riser Isolation Valves and Subsea Isolation Valve Services. The company designs, manufactures, and installs flying leads, particularly steel tube flying leads.
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Koil Energy Solutions Inc (KLNG) Chart

Key Statistics of Koil Energy Solutions Inc (KLNG)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$2.66$2.69

Today's Open

$2.67

Volume

17.57K

P/E Ratio (TTM)

-

52 Week Range

$1.12$3.06

Market Cap

27.44M

Avg. Volume

21.20K

Dividend Yield

-

Financial Metrics & Statements of Koil Energy Solutions Inc (KLNG)

FAQ's for Koil Energy Solutions Inc (KLNG)

  • According to Musaffa’s Shariah screening methodology, Koil Energy Solutions Inc (KLNG) is currently classified as HALAL as of October 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.
  • A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Koil Energy Solutions Inc using these criteria to determine its compliance status.
  • Muslim investors may consider investing in Koil Energy Solutions Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
  • Musaffa determines the Shariah status of Koil Energy Solutions Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
  • The Shariah compliance status of Koil Energy Solutions Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
  • Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
  • You can check the latest Shariah compliance status of Koil Energy Solutions Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

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