Is Marine Petroleum Trust (MARPS) stock Halal?

Marine Petroleum Trust is a type of investment asset known as a royalty trust. The primary purpose of this trust is to manage and distribute income derived from oil and gas interests located in certain offshore leases in the Gulf of Mexico. A key feature of the trust is that it collects royalties and distributes them to unit holders, allowing investors to gain exposure to the energy sector without directly owning physical assets or engaging in exploration and production operations. Before any of that matters to a Muslim investor, one question comes first: is Marine Petroleum Trust stock Halal?

Is Marine Petroleum Trust Shariah compliant?

For a resources company like Marine Petroleum 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 Marine Petroleum Trust pass the business activity test?

Yes. In the September 2026 screening Marine Petroleum Trust holds an overall PASS, which a stock only earns when its core business clears the activity screen. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.

Is Marine Petroleum Trust's income Halal?

Yes, within AAOIFI's tolerance. Marine Petroleum Trust'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 100% tells holders of MARPS what share of each dividend to keep and what remainder to donate to charity.

Does Marine Petroleum 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 MARPS 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?