Is Thanapiriya (TNP) stock Halal?
As of the September 2026 screening, Thanapiriya PCL (TNP) does not meet the AAOIFI Shariah Standard No. 21 threshold for the non-permissible income screen, so the stock is not currently classified as Shariah compliant. It is re-screened every month and can regain compliance if its financial structure changes.
Thanapiriya is a renowned international shipping company, primarily functioning within the tanker industry. Tsakos's fleet includes a diverse range of vessels, including crude oil tankers, product carriers, and LNG carriers, enabling efficient and versatile responses to the industry's varying demands. The organization is known for its innovative approach to fleet management and a commitment to maintaining a modern, environmentally effective fleet, which is pivotal given the maritime industry's growing emphasis on sustainable practices. For Muslim investors, though, the most pressing question is simpler: is Thanapiriya a Halal investment?
Is Thanapiriya Shariah compliant?
Extracting and selling oil, gas or materials is a permissible business, so companies like Thanapiriya rarely stumble on the activity screen. The pressure point is capital structure: energy is a capital hungry industry that borrows heavily, and AAOIFI Shariah Standard No. 21 caps interest bearing debt at 30% of market capitalisation, a line that moves as commodity cycles move the share price.
Does Thanapiriya pass the business activity test?
The activity screen is only part of the picture this month: Thanapiriya currently fails the non-permissible income 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 Thanapiriya's income Halal?
No. Thanapiriya's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does Thanapiriya 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 TNP 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?



