BKR
Baker Hughes Co.
Is BKR Halal?
Oilfield services — financial results vary by methodology and hydrocarbon activity requires review.
What You Should Know
Baker Hughes' March 31, 2026 filing reports debt/assets of 31.76%, liquidity/assets of 29.01% and receivables plus cash/assets of 42.16%; disclosed interest income is 0.90% of quarterly revenue. Oilfield, LNG and industrial-energy services remain a material qualitative concern, and the receivables-plus-cash screen fails under the examined MSCI total-assets method.
⚠️ Concerns
- •MSCI receivables-plus-cash screen fails at 42.16% of assets
- •Oilfield services support hydrocarbon extraction
- •LNG, carbon-management and acquisition activities require review
- •Disclosed interest income is not a complete purification prescription
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
16,164 / 50,896
14,764 / 50,896
21,460 / 50,896
59 / 6,587
- Financial
- Pass
- Overall
- Incomplete
Debt is 31.76% of total assets, liquidity is 29.01%, receivables plus cash are 42.16% and disclosed interest income is 0.90% of revenue; the FTSE-style financial ratios pass but business classification remains incomplete.
- Financial
- Fails
- Overall
- Fails
Debt and liquidity are below the examined limits, but receivables plus cash are 42.16% of total assets, above the examined 33.33% total-assets limit. This is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 31.76% and liquidity/assets is 29.01%, below the examined Malaysia SAC limits; business activity remains incomplete and this is not an official classification.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.
Business-activity disclosure
Baker Hughes supplies oilfield services, drilling and completion technology, industrial and energy equipment, LNG technology and related services. Energy and industrial services can be permissible, while oil and gas extraction support, hydrocarbon end uses, carbon-management projects, customer contracts and environmental impacts require qualitative review.
Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator for hydrocarbon customers, project types, end uses or financing structures; no exact activity percentage is asserted.
Purification
Baker Hughes discloses $59 million of interest income, but no scholar-approved purification percentage is prescribed; the ratio is evidence for the income screen, not a complete purification prescription.
Inputs, assumptions and primary sources
- Amounts are USD millions from Baker Hughes' March 31, 2026 Form 10-Q.
- Interest-bearing debt is $753 million of short-term debt plus $15,411 million of long-term debt; operating leases and supplier-finance amounts are excluded.
- Cash and cash equivalents are $14,764 million. Equity investments and other current assets are not added as interest-bearing securities because the filing does not identify them as unrestricted debt securities.
- Current receivables, net are $6,696 million and first-quarter revenue is $6,587 million.
- The filing states that net interest expense of $86 million includes $59 million of interest income; $59 million is used as a disclosed income-screen numerator, not an official purification amount.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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