
Is Tidewater (TDW) stock Halal?
September 2026 AAOIFI screening result for Tidewater, Inc. (TDW): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Dividend purification factor: 99.79%. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Tidewater is a leading provider of marine support services, primarily catering to offshore energy exploration and production activities. The company's primary function is to supply and manage offshore support vessels that play a crucial role in ensuring the efficiency and safety of operations in the oil and gas industry. Tidewater Inc.'s fleet includes a diverse array of vessels, such as platform supply vessels, anchor handling tug supply vessels, and more specialized vessels tailored for specific tasks. Before any of that matters to a Muslim investor, one question comes first: is Tidewater stock Halal?
Is Tidewater Shariah compliant?
For a resources company like Tidewater, 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 Tidewater pass the business activity test?
Yes. In the September 2026 screening Tidewater 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 Tidewater's income Halal?
Yes, within AAOIFI's tolerance. Tidewater'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 99.79% tells holders of TDW what share of each dividend to keep and what remainder to donate to charity.
Does Tidewater 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 TDW 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?



