Is Castor Maritime, Inc. CTRM stock halal to invest in?

No, as of August 2026, Castor Maritime, Inc. stock (CTRM) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Castor Maritime, Inc. currently does not meet the threshold for the interest-bearing investments and interest-bearing debt screens. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Castor Maritime, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Castor Maritime, Inc. CTRM reviewed for Shariah compliance?

Tabadulat reviews Castor Maritime, Inc. CTRM for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Castor Maritime, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Castor Maritime, Inc. CTRM pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Castor Maritime, Inc. stock (CTRM) passes the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Castor Maritime, Inc.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Castor Maritime, Inc. CTRM pass the AAOIFI Interest Bearing Investments criteria?

No, as of August 2026, Castor Maritime, Inc. stock (CTRM) does not pass the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. Castor Maritime, Inc.'s interest-bearing investments currently exceed this 30% limit, meaning too large a share of the company's value derives from riba-based instruments for the stock to qualify as halal on this criterion. The ratio moves with both the balance sheet and the share price, and is reassessed monthly.

Does Castor Maritime, Inc. CTRM pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Castor Maritime, Inc. stock (CTRM) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. Castor Maritime, Inc.'s interest-bearing debt currently exceeds this 30% limit, meaning the company relies on riba-based financing beyond the level AAOIFI permits for a halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Castor Maritime, Inc. CTRM stock?

Castor Maritime, Inc. (CTRM) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If Castor Maritime, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Castor Maritime, Inc. CTRM pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Castor Maritime, Inc. stock (CTRM) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Castor Maritime, Inc. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Castor Maritime, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

CTRM

About

Castor Maritime, Inc.

CTRM

Castor Maritime Inc. is a shipping company that specializes in the transportation of dry bulk goods across the globe. Operating within the maritime industry, Castor Maritime focuses on the acquisition, ownership, and operation of dry bulk vessels, which are integral to transporting commodities like coal, grain, and iron ore. These vessels are crucial for facilitating international trade, as they enable the efficient and large-scale movement of bulk goods that underpin various sectors of the economy. The company’s fleet diversification reflects its strategic objective to optimize trade routes and market opportunities, thereby enhancing its operational flexibility and resilience. Headquartered in Cyprus, Castor Maritime is an active player in the shipping sector, which is a vital component of global commerce due to its role in enabling the seamless flow of raw materials and resources. In the financial markets, Castor Maritime Inc. plays a role by offering investors exposure to the cyclical dry bulk shipping industry, where market dynamics are influenced by factors such as global trade volumes, commodity demand, and macroeconomic trends.

Sector:

Industrials

Industry:

Marine Shipping

Employees:

155

Website:

https://www.castormaritime.com

CTRM

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Castor Maritime, Inc.

About

Castor Maritime, Inc.

CTRM

Frequently asked questions

Is Castor Maritime, Inc. CTRM stock halal to invest in?

How often is Castor Maritime, Inc. CTRM reviewed for Shariah compliance?

Does Castor Maritime, Inc. CTRM pass the AAOIFI Non Permissible Income criteria?

Does Castor Maritime, Inc. CTRM pass the AAOIFI Interest Bearing Investments criteria?

Does Castor Maritime, Inc. CTRM pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Castor Maritime, Inc. CTRM stock?

Does Castor Maritime, Inc. CTRM pass the AAOIFI Preference Share screen?

Can I buy Castor Maritime (CTRM) stock on Tabadulat?

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