Is KLX Energy Services Holdings, Inc. KLXE stock halal to invest in?

No, as of August 2026, KLX Energy Services Holdings, Inc. stock (KLXE) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. KLX Energy Services Holdings, Inc. currently does not meet the threshold for the interest-bearing debt screen. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of KLX Energy Services Holdings, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is KLX Energy Services Holdings, Inc. KLXE reviewed for Shariah compliance?

Tabadulat reviews KLX Energy Services Holdings, Inc. KLXE for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for KLX Energy Services Holdings, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does KLX Energy Services Holdings, Inc. KLXE pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, KLX Energy Services Holdings, Inc. stock (KLXE) passes the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. KLX Energy Services Holdings, Inc.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does KLX Energy Services Holdings, Inc. KLXE pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, KLX Energy Services Holdings, Inc. stock (KLXE) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). KLX Energy Services Holdings, Inc.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does KLX Energy Services Holdings, Inc. KLXE pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, KLX Energy Services Holdings, Inc. stock (KLXE) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. KLX Energy Services Holdings, Inc.'s interest-bearing debt currently exceeds this 30% limit, meaning the company relies on riba-based financing beyond the level AAOIFI permits for a halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for KLX Energy Services Holdings, Inc. KLXE stock?

KLX Energy Services Holdings, Inc. (KLXE) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If KLX Energy Services Holdings, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does KLX Energy Services Holdings, Inc. KLXE pass the AAOIFI Preference Share screen?

Yes, as of August 2026, KLX Energy Services Holdings, Inc. stock (KLXE) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. KLX Energy Services Holdings, Inc. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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KLX Energy Services Holdings, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

KLXE

About

KLX Energy Services Holdings, Inc.

KLXE

KLX Energy Services Holdings, Inc. is a diversified provider of drilling, completion, and production services to oil and gas companies operating across the United States. The company's primary function is to support the exploration and production activities in the oil and gas industry, offering a range of services that enhance resource extraction efficiency and safety. KLX Energy Services excels in delivering specialized services such as hydraulic fracturing, coiled tubing operations, and pressure pumping, which are critical to optimizing well performance. Catering to top-tier exploration and production corporations, the company plays a pivotal role in facilitating energy production and supporting the industry's infrastructure demands. Operating in key shale basins and energy hubs, KLX Energy Services is strategically positioned to capitalize on regional demands for energy services. Its expertise and comprehensive service offerings make it an integral part of the energy sector's supply chain, underscoring its importance in meeting the evolving demands of the oil and gas market.

Sector:

Energy

Industry:

Oil & Gas Equipment & Services

Employees:

1726

Website:

https://www.klxenergy.com

KLXE

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KLX Energy Services Holdings, Inc.

About

KLX Energy Services Holdings, Inc.

KLXE

Frequently asked questions

Is KLX Energy Services Holdings, Inc. KLXE stock halal to invest in?

How often is KLX Energy Services Holdings, Inc. KLXE reviewed for Shariah compliance?

Does KLX Energy Services Holdings, Inc. KLXE pass the AAOIFI Non Permissible Income criteria?

Does KLX Energy Services Holdings, Inc. KLXE pass the AAOIFI Interest Bearing Investments criteria?

Does KLX Energy Services Holdings, Inc. KLXE pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for KLX Energy Services Holdings, Inc. KLXE stock?

Does KLX Energy Services Holdings, Inc. KLXE pass the AAOIFI Preference Share screen?

Can I buy KLX Energy Services (KLXE) stock on Tabadulat?

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