
Is Seacor Marine (SMHI) stock Halal?
September 2026 AAOIFI screening result for Seacor Marine Holdings, Inc. (SMHI): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, fail. Preference shares, pass. Seacor Marine Holdings, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Seacor Marine is a leading provider of marine transportation services, focusing particularly on the offshore oil and gas industry. The company specializes in operating vessels that offer support services like offshore accommodation, mooring, logistics, and cargo transfer. These vessels are invaluable for offshore exploration and production, providing critical operational support across various phases of energy development. Seacor Marine Holdings caters to energy companies globally, including major industry operators and smaller, independent firms engaged in drilling activities. Before any of that matters to a Muslim investor, one question comes first: is Seacor Marine stock Halal?
Is Seacor Marine Shariah compliant?
Industrial businesses like Seacor Marine 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 Seacor Marine pass the business activity test?
The activity screen is only part of the picture this month: Seacor Marine currently fails the interest-bearing debt screen, so the overall verdict is not compliant regardless of the business itself. The activity itself raises no Shariah objection; the scrutiny belongs to the financing.
Is Seacor Marine's income Halal?
Yes, within AAOIFI's tolerance. Seacor Marine's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Seacor Marine 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?



