NASDAQ Shariah screener · October 2026

Is Baker Hughes Company (BKR) Halal?

PASS

Baker Hughes Company · NASDAQ: BKR · Energy

The short answer

Yes — Baker Hughes (NASDAQ: BKR) passes this Shariah stock screen. Its energy-technology business (Oilfield Services & Equipment + Industrial & Energy Technology; FY2025 revenue $27.7B; Chart Industries all-cash acquisition completed July 2026) has no prohibited lines. Total interest-bearing debt of $16.3 billion at June 30, 2026 is about 29.4% of its ~$55.2 billion market cap ($55.62 on Oct 1, 2026) — under the ~33% ceiling, though higher than at year-end 2025 because of the Chart acquisition financing. Cash of $15.7 billion is about 28.5% of market cap. Interest income of $82 million (FY2025 10-K) is about 0.30% of revenue, far under the 5% non-compliant income ceiling. Zoya has a BKR page but its public status text is self-contradictory, so no Zoya rating is stated; no Musaffa or ShariaPortfolio coverage was found.

Gate 1 — Business activity: PASS

Baker Hughes Company (NASDAQ: BKR) is an energy technology company headquartered in Houston, Texas (~54,000 employees, 120+ countries), reporting two operating segments: Oilfield Services & Equipment (OFSE) — well construction, completions/intervention/measurements, production solutions, subsea and surface pressure systems — and Industrial & Energy Technology (IET) — gas technology equipment and services, industrial products and solutions, climate technology solutions. FY2025 revenue was $27.7 billion ($14,324M OFSE, $13,409M IET). The all-cash acquisition of Chart Industries (agreed July 28, 2025 at $210/share) was completed in July 2026, funded partly by a March 2026 senior-notes offering. None of the disclosed lines are prohibited lines (no alcohol, gambling, pork, tobacco, cannabis, conventional banking/insurance, or adult entertainment). Oil & gas services/technology is an energy activity, not a prohibited line, and the company is a services/equipment provider rather than a producer. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

At June 30, 2026 total interest-bearing debt was $16,253M ($15,479M long-term + $774M short-term debt), per the Q2 2026 results balance sheet — up sharply from $6,087M at December 31, 2025 (FY2025 10-K Note 9) on the senior-notes financing for the Chart Industries acquisition. Against a market capitalization of about $55.2B (BKR $55.62, October 1, 2026) — debt ÷ market cap is about 29.4%, below the ~33% ceiling but closer to it than at year-end 2025. Cash and cash equivalents of $15,727M are about 28.5% of market cap, within the ~33% guideline. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

The FY2025 10-K MD&A discloses interest income of $82M in 2025 (net interest expense was $222M) against FY2025 revenue of $27,733M — about 0.30% of revenue, far below the 5% non-compliant income ceiling. Caveat: the Q2 2026 income statement reports only 'Interest expense, net' ($151M for H1 2026), so H1 2026 interest income is not separately disclosed; cash rose from $3.7B to $15.7B during H1 2026 on acquisition financing, so 2026 interest income may differ from the FY2025 figure — the audited FY2025 number is the latest verifiable disclosure. Gate 3 passes. Facts only.

Key figures used

Business: energy technology company (Houston; ~54,000 employees; 120+ countries) — OFSE segment ($14.3B FY2025 revenue: well construction, completions, production, subsea) and IET segment ($13.4B: gas technology equipment/services, industrial, climate tech); Chart Industries all-cash acquisition completed July 2026
Total interest-bearing debt: $16,253M at Jun 30, 2026 ($15,479M long-term + $774M short-term) — debt ÷ market cap ≈ 29.4% vs ~$55.2B market cap (BKR $55.62, Oct 1, 2026), under the ~33% ceiling but up from $6,087M at Dec 2025 on Chart acquisition financing
Cash: $15,727M at Jun 30, 2026 ≈ 28.5% of market cap, within the ~33% guideline (cash ballooned from $3.7B on acquisition financing)
Interest income: $82M (FY2025, 10-K MD&A) vs $27,733M revenue ≈ 0.30%, far under the 5% non-compliant income ceiling; H1 2026 interest income not separately disclosed (income statement shows only 'Interest expense, net' $151M)
Market cap: ~$55.2B (Oct 1, 2026); debt-to-equity ratio ~0.77 per analyst data
No Zoya rating determinable (public page text is self-contradictory), no Musaffa or ShariaPortfolio coverage found — reported as absent, not invented

Frequently asked questions

What does Baker Hughes do?

Baker Hughes Company (NASDAQ: BKR) is an energy technology company headquartered in Houston, Texas, with about 54,000 employees operating in over 120 countries. It reports two segments: Oilfield Services & Equipment (OFSE) — well construction, completions, production solutions, subsea and surface pressure systems — and Industrial & Energy Technology (IET) — gas technology equipment and services, industrial products and solutions, and climate technology solutions. FY2025 revenue was $27.7 billion ($14.3 billion OFSE, $13.4 billion IET). In July 2025 it agreed to acquire Chart Industries for $210 per share in cash, and the all-cash acquisition was completed in July 2026. None of the disclosed business lines are prohibited lines, so the business gate passes.

Why does Baker Hughes pass this Shariah stock screen?

Baker Hughes passes all three gates of this screen. Its business — energy technology equipment and services across OFSE and IET, including the July 2026 Chart Industries acquisition — contains no prohibited lines (no alcohol, gambling, pork, tobacco, cannabis, conventional banking or insurance, or adult entertainment). Its total interest-bearing debt of $16.3 billion at June 30, 2026 is about 29.4% of its ~$55.2 billion market capitalization, below the ~33% ceiling (though closer to it than before, driven by Chart acquisition financing). Interest income of $82 million in FY2025 is about 0.30% of $27.7 billion revenue, well under the 5% non-compliant income ceiling. This is a factual screen, not a religious ruling — consult a qualified scholar for personal guidance.

What is Baker Hughes' interest-bearing debt ratio?

At June 30, 2026 Baker Hughes carried $15,479 million of long-term debt plus $774 million of short-term debt — total interest-bearing debt of $16,253 million, per the Q2 2026 results financial statements. Against a market capitalization of about $55.2 billion (BKR closed at $55.62 on October 1, 2026), debt ÷ market cap is about 29.4%, below the ~33% ceiling, though materially higher than the $6,087 million of total debt at December 31, 2025 because of the senior-notes financing for the Chart Industries acquisition. Cash and cash equivalents of $15,727 million are about 28.5% of market cap, within the ~33% guideline. The financial-structure gate passes.

What is Baker Hughes' non-compliant income ratio?

The FY2025 10-K MD&A discloses net interest expense of $222 million for 2025, which includes interest income of $82 million, against FY2025 revenue of $27,733 million — about 0.30% of revenue, well under the 5% non-compliant income ceiling. The Q2 2026 income statement reports only 'Interest expense, net' ($151 million for H1 2026), so H1 2026 interest income is not separately disclosed; the screen uses the latest audited full-year figure. Note that cash rose from $3.7 billion to $15.7 billion during H1 2026 on acquisition financing, so 2026 interest income could differ — this is the verified number as of the latest audited filing. On that basis the income gate passes.

Do Zoya, Musaffa, or ShariaPortfolio cover Baker Hughes?

Zoya maintains a public Baker Hughes (BKR) page, but its on-page status text is self-contradictory — one text block reads 'not Shariah-compliant and therefore considered halal to invest in' while another reads 'not considered halal to invest in' — so no definitive Zoya rating can be stated from the public page (the full report is inside the Zoya app). No Musaffa or ShariaPortfolio coverage of BKR was found — reported as absent, not invented. This page applies the screen directly from the company's filings: the FY2025 10-K (filed February 5, 2026) and Q2 2026 results (reported July 26, 2026).

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).