Is Heidmar Maritime (HMR) stock Halal?
September 2026 AAOIFI screening result for Heidmar Maritime Holdings Corp. (HMR): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Dividend purification factor: 99.66%. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Heidmar Maritime is a leading commercial and technical management company in the maritime industry, specializing in tanker and dry-bulk vessel pools worldwide. The company operates specialized pools such as SeaDragon for VLCCs, Heidmar Suezmax Pool, Sealion for Aframax/LR2, and others for MR2 and smaller tankers, alongside dry bulk and recent expansions into feeder containers. Heidmar pioneered eFleetWatch, an innovative digital platform offering real-time vessel tracking, voyage management, and transparency for owners, brokers, and agents. Before any of that matters to a Muslim investor, one question comes first: is Heidmar Maritime stock Halal?
Is Heidmar Maritime Shariah compliant?
Industrial businesses like Heidmar Maritime usually pass the activity screen without drama. The harder test is financial: heavy assets mean heavy financing, and AAOIFI Shariah Standard No. 21 tolerates interest bearing debt and investments only below 30% of market capitalisation, ratios that shift with every move in the share price.
Does Heidmar Maritime pass the business activity test?
Yes. In the September 2026 screening Heidmar Maritime holds an overall PASS, which a stock only earns when its core business clears the activity screen. The activity itself raises no Shariah objection; the scrutiny belongs to the financing.
Is Heidmar Maritime's income Halal?
Yes, within AAOIFI's tolerance. Heidmar Maritime's income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 99.66% tells holders of HMR what share of each dividend to keep and what remainder to donate to charity.
Does Heidmar Maritime 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 HMR 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?



