TSX Shariah screener · October 2026

Is AKITA Drilling Ltd. (AKT) Halal?

PASS

AKITA Drilling Ltd. · TSX: AKT · Energy

The short answer

AKITA Drilling Ltd. (TSX: AKT) is a PASS in our October 2026 screen. The business gate passes (contract drilling services to the oil and gas industry in Canada and the US, plus potash and storage-cavern drilling; a subsidiary of Sentgraf Enterprises Ltd.). The debt gate passes: interest-bearing debt of ~C$36.6M at June 30, 2026 (C$34.8M long-term debt plus ~C$1.7M lease obligations) is about 17.1% of the ~C$213M market cap (57,495,876 shares at C$3.71, the September 30, 2026 close). The income gate passes: FY2025 interest income of C$120,000 is ~0.06% of C$200.9M revenue.

Gate 1 — Business activity: PASS

AKITA Drilling is a Calgary-based land drilling contractor providing contract drilling services to the oil and gas industry in Canada and the US, plus drilling related to potash mining and the development of storage caverns. Drilling services are a permissible business; no alcohol, pork, gambling, conventional finance, tobacco, cannabis or weapons-manufacturing lines. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

At June 30, 2026 the company reported long-term debt of C$34.8M plus lease obligations of ~C$1.7M — about C$36.6M of interest-bearing debt, roughly 17.1% of the ~C$213M market cap (57,495,876 shares at C$3.71, the September 30, 2026 close). Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

FY2025 interest income was C$120,000 against revenue of C$200.9M — about 0.06% of total income, far under the 5% ceiling. Gate 3 passes. Facts only.

Key figures used

Interest-bearing debt C$36.6M at Jun 30, 2026 (C$34.8M long-term debt + ~C$1.7M leases) → 17.1% of ~C$213M market cap.
57,495,876 shares outstanding; Sep 30, 2026 close C$3.71.
Interest income C$120,000 FY2025 = ~0.06% of C$200.9M revenue.
FY2025: net income C$13.9M; cash C$8.9M; net income per share basic C$0.35.
Contract drilling services: Canada (AB, BC, SK) & US (CO, UT, WY, TX, NM, OK); listed TSX.
No Zoya, Musaffa or ShariaPortfolio rating found for AKT.

Frequently asked questions

Is AKITA Drilling (AKT) halal?

Our October 2026 screen gives AKITA Drilling (AKT) a PASS. Gate 1 passes - contract drilling services to the oil and gas industry (plus potash and storage-cavern drilling) is a permissible business. Gate 2 passes: interest-bearing debt of ~C$36.6M (C$34.8M long-term debt plus C$1.7M lease obligations, Jun 30, 2026) is about 17.1% of the ~C$213M market cap, under the ~33% ceiling. Gate 3 passes: FY2025 interest income of C$120,000 was about 0.06% of C$200.9M revenue, well under the 5% ceiling. No Musaffa/Zoya/ShariaPortfolio rating was found.

Why did AKITA Drilling pass the debt gate?

At June 30, 2026 the company reported long-term debt of C$34.8M plus lease obligations of ~C$1.7M - about C$36.6M of interest-bearing debt, roughly 17.1% of the ~C$213M market cap (57,495,876 shares at C$3.71, the September 30, 2026 close). Gate 2 passes.

What does AKITA Drilling do?

AKITA Drilling is a Calgary-based land drilling contractor providing contract drilling services to the oil and gas industry in Canada (Alberta, BC, Saskatchewan) and the US (Colorado, Utah, Wyoming, Texas, New Mexico, Oklahoma), plus drilling related to potash mining and storage caverns. It operates as a subsidiary of Sentgraf Enterprises Ltd.

Does AKITA Drilling earn interest income?

FY2025 interest income was C$120,000 against revenue of C$200.9M - about 0.06% of total income, far under the 5% ceiling. Gate 3 passes.

Where can I find more energy stock screeners?

See our full list of stock screeners at halal-stock-verdicts.html, which covers every company screened so far.

Sources

Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.