Is Total Energy Services (TOT) halal?

Total Energy Services (TSX: TOT) is a Calgary oilfield-services company with no haram business segment. Interest-bearing debt plus lease liabilities of ~C$51.2 million is about 4.0% of the ~C$1.27 billion market cap, well under the ~33% ceiling, and net finance income of ~C$0.4 million in Q2 2026 is about 0.1% of revenue, under the ~5% ceiling. This screener is a PASS.

The two-gate Shariah screen

Every screener on this site runs the same two gates: first, the business must be halal (no conventional insurance, banking, alcohol, gambling, weapons manufacturing, and the like); second, the financial ratios must clear (debt under roughly 33% of market cap, non-compliant income under roughly 5%).

Gate one: the business — passes

Total Energy Services Inc., based in Calgary, provides contract drilling services, equipment rentals and transportation services, well servicing, and compression and process equipment (fabrication, sale, rental, and servicing) to the energy and other resource industries from operation centres in Canada, the United States, and Australia. Its four reportable segments are Contract Drilling Services (CDS — ~93 rigs on average in Q2 2026), Rentals and Transportation Services (RTS), Compression and Process Services (CPS — C$182.4M of Q2 revenue, with a record C$554.5M fabrication sales backlog), and Well Servicing (WS). The U.S. well servicing business was discontinued in January 2026. Q2 2026 was a record quarter: revenue of C$329.0M and net income of C$26.8M. No haram business segments were found. The business gate passes.

Gate two: the ratios — both pass

At June 30, 2026 (Q2 2026 interim consolidated financial statements, all CAD): long-term debt of C$25.0M, non-current lease liabilities of C$19.5M, and current lease liabilities of C$6.7M — total interest-bearing debt plus lease liabilities of ~C$51.2M, against cash of C$50.5M. With ~36.5 million shares outstanding at ~C$34.91 (TSX close September 28, 2026), the market cap is about C$1.27 billion — debt plus leases is about 4.0% of market cap, comfortably under the ~33% ceiling. On the income side, net finance income was ~C$0.4M in Q2 2026, about 0.1% of the C$329.0M quarterly revenue (interest received of C$0.3M per the cash flow statement), under the ~5% ceiling. Both ratios pass.

What other screeners say

No coverage pages for TOT/TOT.TO were found on Zoya, Musaffa, or ShariaPortfolio in targeted searches as of September 2026. This screener is based on Total Energy Services' Q2 2026 interim financial statements.

The bottom line

This screener gives Total Energy Services Inc. (TSX: TOT) a PASS. A clean oilfield-services business with conservative leverage (~4.0% debt-to-market-cap) and negligible non-compliant income (~0.1% of revenue). The company pays a quarterly dividend of C$0.12 per share (Q2 dividend paid July 15, 2026) — holders may want to purify the small non-compliant portion. Leadership is unchanged (Daniel Halyk, President & CEO; Yuliya Gorbach, VP Finance & CFO). Consult a qualified scholar. Snapshot dated September 29, 2026; re-checked quarterly after earnings.

Sources

Frequently asked questions

Is Total Energy Services halal?

This screener gives it a PASS. Total Energy Services Inc. (TSX: TOT) is a Calgary oilfield-services company with no haram business segment. Interest-bearing debt plus lease liabilities of ~C$51.2 million is about 4.0% of the ~C$1.27 billion market cap, under the ~33% ceiling, and net finance income of ~C$0.4 million in Q2 2026 is about 0.1% of revenue, under the ~5% ceiling. No coverage was found from Zoya, Musaffa, or ShariaPortfolio. Consult a qualified scholar.

What does Total Energy Services do?

Total Energy Services Inc., based in Calgary, provides contract drilling services, equipment rentals and transportation services, well servicing, and compression and process equipment (fabrication, sale, rental, servicing) to the energy and other resource industries from operation centres in Canada, the United States, and Australia. Its four reportable segments are Contract Drilling Services (CDS), Rentals and Transportation Services (RTS), Compression and Process Services (CPS), and Well Servicing (WS). Q2 2026 was a record quarter: revenue of C$329.0M and net income of C$26.8M, with CPS carrying a C$554.5M fabrication sales backlog. The U.S. well servicing business was discontinued in January 2026. No haram business segments were found.

What are Total Energy Services' debt and market-cap figures?

At June 30, 2026 (Q2 2026 interim financial statements, all CAD): long-term debt of C$25.0M, non-current lease liabilities of C$19.5M, and current lease liabilities of C$6.7M — total interest-bearing debt plus leases of ~C$51.2M. Cash was C$50.5M. With ~36.5 million shares outstanding at ~C$34.91 (TSX close September 28, 2026), the market cap is about C$1.27 billion — debt plus leases is about 4.0% of market cap, under the ~33% ceiling. Net finance income was ~C$0.4M in Q2 2026, about 0.1% of the C$329.0M quarterly revenue, under the ~5% ceiling.

What do Zoya, Musaffa, and ShariaPortfolio say about TOT?

No coverage pages for TOT/TOT.TO were found on Zoya, Musaffa, or ShariaPortfolio in targeted searches as of September 2026. This screener is based on Total Energy Services' Q2 2026 interim financial statements, not on a third-party rating.

What is the purification amount for Total Energy Services' dividend?

Total Energy pays a quarterly dividend of C$0.12 per share (the Q2 dividend was paid July 15, 2026; a C$0.12 dividend payable is on the June 30, 2026 balance sheet). Net finance income in Q2 2026 was ~C$0.4M, about 0.1% of revenue, which is the disclosed non-compliant-income line — use the purification calculator to estimate the amount to purify from any dividend you receive. Consult a qualified scholar.