Is GOW halal?
GOWell Energy Technology
Halal
GOWell Energy Technology passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 28 October 2026
Exchange
NASDAQ
Price
3.21
Day
+3.55%
Market cap
$144.9M
Industry
Oil & Gas Equipment & Services
Sector
Energy
What the company does
GOWell Energy Technology makes well-logging tools and distributed sensing systems for the energy industry, used for well integrity, production optimization, geothermal, carbon storage and gas storage. Revenue comes from selling equipment and services to energy companies. It listed on Nasdaq in September 2026 via a merger with the SPAC Inflection Point Acquisition Corp. V.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $5.91M ÷ 36-month average market cap $393.19M = 1.5%
1.5%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $2.91M ÷ 36-month average market cap $393.19M = 0.7%
0.7%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $173K ÷ annual revenue $47.20M (2025) = 0.4%
0.4%
Pass
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $144.89M.
For information (AAOIFI 3/1 note): cash + receivables are 30.9% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
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Halal is the first question. The second: when to enter?
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This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.