Is Teekay (TK) stock Halal?

Teekay is a prominent player in the energy sector, specializing in oil and gas storage and transportation services. The company operates a fleet of tankers and related marine assets that facilitate the global movement and storage of hydrocarbons. This role positions Teekay at a critical juncture in the energy supply chain, bridging producers and consumers worldwide. Before any of that matters to a Muslim investor, one question comes first: is Teekay stock Halal?

Is Teekay Shariah compliant?

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

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

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

Does Teekay meet AAOIFI's debt and investment ratio requirements?

Not in full. Interest bearing investments currently exceed 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?