Halal, with purification
The Initiates passes the business-activity screen and the financial screens under the AAOIFI Standard. Because a share of its income is non-permissible, the matching portion of any dividend you receive should be given away.
NGX: TIP · Industrial waste management · Screened 3 Sept 2026 · H1 2026 accounts
The Initiates Plc is a professional waste management company in Nigeria providing waste management, industrial cleaning and decontamination services to private and public sector clients, and was the first waste management company listed on the Nigerian Stock Exchange. Its services include e-waste management and industrial cleaning and decontamination, with significant emphasis on the requirements of the oil and gas industry. The company operates from bases in Port Harcourt and Kwale, covering major industrial hubs, and maintains ISO 9001:2015 quality management and ISO 14001:2015 environmental management certifications. For 2025 revenue rose 150.86% to N11.70 billion, profit after tax rose 145.57% to N3.39 billion, total assets rose 129.04% to N11.73 billion, and earnings per share rose to 381 kobo from 155 kobo.
Waste management, industrial cleaning and decontamination services, with e-waste as a distinct service line. FY2025 revenue N11.70 billion.
Yes, with purification. As of 3 September 2026, The Initiates (TIP) is halal to own under the AAOIFI Standard, provided you purify the non-permissible portion of any dividend you receive.
The dividend is permissible to receive once purified. Qistal publishes the purification rate for the current accounts period inside your compliance report, so you can work out the exact amount to give away.
Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.
Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.