
Is Kodiak Gas Services (KGS) stock Halal?
September 2026 AAOIFI screening result for Kodiak Gas Services, Inc. (KGS): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, fail. Preference shares, pass. Kodiak Gas Services, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Kodiak Gas Services is a prominent company in the oil and gas industry, specializing in the provision of gas compression services. Primarily, Kodiak Gas Services facilitates the movement and processing of natural gas from production sites to various downstream sectors. They play a crucial role in the energy supply chain by ensuring that natural gas is efficiently transported and delivered for use in domestic and industrial applications. Before any of that matters to a Muslim investor, one question comes first: is Kodiak Gas Services stock Halal?
Is Kodiak Gas Services Shariah compliant?
For a resources company like Kodiak Gas Services, AAOIFI Shariah Standard No. 21 has little quarrel with the product; the scrutiny falls on the financing. Heavy machinery and long project cycles are usually funded with debt, and the standard tolerates interest bearing borrowing only below 30% of market capitalisation.
Does Kodiak Gas Services pass the business activity test?
The activity screen is only part of the picture this month: Kodiak Gas Services currently fails the interest-bearing debt screen, so the overall verdict is not compliant regardless of the business itself. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.
Is Kodiak Gas Services' income Halal?
Yes, within AAOIFI's tolerance. Kodiak Gas Services' income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Kodiak Gas Services meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?



