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Is Cross Timbers Royalty Trust (CRT) stock Halal?

NYSE
Shariah-Compliant
Not Shariah

Cross Timbers Royalty Trust (CRT) is not Shariah compliant in the September 2026 AAOIFI screening: it fails the non-permissible income screen. Tabadulat re-screens CRT monthly, and a stock can return to compliance when new financial reports change its ratios.

Cross Timbers Royalty Trust is a financial instrument designed to manage and distribute income derived from oil and gas interests. The trust primarily functions by holding a variety of net profit interests, primarily located in regions known for their rich natural resources, such as Texas, Oklahoma, and New Mexico. A distinctive feature of this trust is its focus on providing income-generating opportunities through the extraction and sale of natural resources without operating the wells directly. Before any of that matters to a Muslim investor, one question comes first: is Cross Timbers Royalty Trust stock Halal?

Is Cross Timbers Royalty Trust Shariah compliant?

For a resources company like Cross Timbers Royalty Trust, AAOIFI Shariah Standard No. 21 has little quarrel with the product; the scrutiny falls on the financing. Heavy machinery and long project cycles are usually funded with debt, and the standard tolerates interest bearing borrowing only below 30% of market capitalisation.

Does Cross Timbers Royalty Trust pass the business activity test?

The activity screen is only part of the picture this month: Cross Timbers Royalty Trust currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.

Is Cross Timbers Royalty Trust's income Halal?

No. Cross Timbers Royalty Trust's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.

Does Cross Timbers Royalty Trust meet AAOIFI's debt and investment ratio requirements?

Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has CRT re-screened every month, and the result above always shows the latest verdict.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?

Frequently asked questions

Is Cross Timbers Royalty Trust CRT stock Halal to invest in?

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How often is Cross Timbers Royalty Trust CRT reviewed for Shariah compliance?

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Does Cross Timbers Royalty Trust CRT pass the AAOIFI Non Permissible Income criteria?

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Does Cross Timbers Royalty Trust CRT pass the AAOIFI Interest Bearing Investments criteria?

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Does Cross Timbers Royalty Trust CRT pass the AAOIFI Interest Bearing Debt criteria?

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What is the dividend purification factor for Cross Timbers Royalty Trust CRT stock?

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Does Cross Timbers Royalty Trust CRT pass the AAOIFI Preference Share screen?

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Can I buy Cross Timbers Royalty Trust (CRT) stock on Tabadulat?

Cross Timbers Royalty Trust (CRT) does not currently pass AAOIFI screening, so it isn't available to trade among the Halal stocks on Tabadulat. You can still open an account, track CRT with the free Halal stock screener, and discover Shariah compliant stocks to invest in instead. Compliance is re-screened monthly, and stocks can regain Halal status when their financials change.

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