Is FLEX LNG (FLNG) stock Halal?

FLEX LNG is a shipping company that focuses on the transportation of liquefied natural gas (LNG). The company owns and operates a fleet of advanced, fuel-efficient LNG carriers. These vessels are integral in facilitating the global trade of natural gas, enabling the efficient and safe movement of this energy resource across the world. Before any of that matters to a Muslim investor, one question comes first: is FLEX LNG stock Halal?

Is FLEX LNG Shariah compliant?

For a resources company like FLEX LNG, 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 FLEX LNG pass the business activity test?

The activity screen is only part of the picture this month: FLEX LNG currently fails the interest-bearing debt 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 FLEX LNG's income Halal?

Yes, within AAOIFI's tolerance. FLEX LNG's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.

Does FLEX LNG meet AAOIFI's debt and investment ratio requirements?

Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.

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?