Is Ranger Energy Services (RNGR) stock Halal?

Ranger Energy Services is a leading provider in the energy sector, specializing in well service rigs and associated services for the domestic oil and natural gas industry. The company focuses on offering high-quality support services across the well lifecycle, including completion, production, and eventual abandonment of oil and gas wells. Ranger Energy Services plays a crucial role in enhancing the operational efficiency and safety of extraction activities, particularly in North American onshore oil fields. Before any of that matters to a Muslim investor, one question comes first: is Ranger Energy Services stock Halal?

Is Ranger Energy Services Shariah compliant?

For a resources company like Ranger Energy 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 Ranger Energy Services pass the business activity test?

Yes. In the September 2026 screening Ranger Energy Services holds an overall PASS, which a stock only earns when its core business clears the activity screen. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.

Is Ranger Energy Services' income Halal?

Yes, within AAOIFI's tolerance. Ranger Energy Services' income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 100% tells holders of RNGR what share of each dividend to keep and what remainder to donate to charity.

Does Ranger Energy Services meet AAOIFI's debt and investment ratio requirements?

Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has RNGR re-screened every month, and the result above always shows the latest verdict.

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?