Is HAFN halal?
Hafnia Limited
Halal
Hafnia Limited passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NYSE
Price
10.11
Day
-4.98%
Market cap
$5.60B
Industry
Marine Shipping
Sector
Industrials
What the company does
Hafnia (Bermuda/Singapore) operates the world's largest fleet of product tankers (carrying gasoline, diesel, jet fuel — 100+ vessels). Its money comes from freight rates.
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 $885.36M ÷ 36-month average market cap $3.10B = 28.5%
28.5%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $652.86M ÷ 36-month average market cap $3.10B = 21.0%
21.0%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $13.50M ÷ annual revenue $2.28B (2025) = 0.6%
0.6%
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: $5.60B.
For information (AAOIFI 3/1 note): cash + receivables are 22.4% 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
- Among halal stocks
- 0.01% · #552 of 1455
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 2 superinvestors · Average reported price: $6.58
- Tweedy Browne$2.8M0.2%
- Sarah KettererCauseway Capital Management$4.6M0.1%
Halal stocks in the same industry
The largest halal stocks in Marine Shipping — for comparison.
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- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
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.