Is TEN halal?
Tsakos Energy Navigation Ltd
Not halal
Tsakos Energy Navigation Ltd did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NYSE
Price
51.18
Day
-0.58%
Market cap
$1.64B
Industry
Oil & Gas Midstream
Sector
Energy
What the company does
Tsakos Energy Navigation (Greece) runs a fleet of 60+ crude and product tankers. Money comes from tanker charters.
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 $1.87B ÷ 36-month average market cap $747.56M = 250.8%
250.8%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $575.40M ÷ 36-month average market cap $747.56M = 77.0%
77.0%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $10.49M ÷ annual revenue $798.69M (2025) = 1.3%
1.3%
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: $1.64B.
For information (AAOIFI 3/1 note): cash + receivables are 12.7% 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
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- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
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.