Is Eurodry Ltd. EDRY stock halal to invest in?

No, as of August 2026, Eurodry Ltd. stock (EDRY) 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. Eurodry Ltd. 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 Eurodry Ltd. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Eurodry Ltd. EDRY reviewed for Shariah compliance?

Tabadulat reviews Eurodry Ltd. EDRY 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 Eurodry Ltd. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Eurodry Ltd. EDRY pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Eurodry Ltd. stock (EDRY) 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. Eurodry Ltd.'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 Eurodry Ltd. EDRY pass the AAOIFI Interest Bearing Investments criteria?

No, as of August 2026, Eurodry Ltd. stock (EDRY) 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. Eurodry Ltd.'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 Eurodry Ltd. EDRY pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Eurodry Ltd. stock (EDRY) 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. Eurodry Ltd.'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 Eurodry Ltd. EDRY stock?

Eurodry Ltd. (EDRY) 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 Eurodry Ltd. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Eurodry Ltd. EDRY pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Eurodry Ltd. stock (EDRY) 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. Eurodry Ltd. 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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Eurodry Ltd.

NASDAQ

Shariah-Compliant

Not Shariah

EDRY

About

Eurodry Ltd.

EDRY

EuroDry Ltd. operates as a provider in the shipping industry with a specific focus on the transportation of drybulk cargoes, including iron ore, coal, grains, and other bulk materials. As a ship-owning company, EuroDry Ltd. manages a fleet that facilitates the global trade of essential commodities, thereby playing a crucial role in international supply chains. The company serves various sectors that require consistent and reliable shipping services, affecting industries such as steel production and agriculture, which heavily rely on the shipment of raw materials and grains. Based in Greece, EuroDry Ltd. leverages its strategic geographical advantage to optimize routes and reduce shipping times across major trade lanes. By maintaining a fleet of modern vessels, the company aims to meet the high demands of the drybulk market, contributing significantly to global trading efficiencies and economic activities. The performance and operational capabilities of EuroDry Ltd. represent a dynamic aspect of the shipping segment within global financial markets, often influenced by fluctuations in commodity demand and international trade policies.

Sector:

Industrials

Industry:

Marine Shipping

Employees:

Website:

https://www.eurodry.gr

EDRY

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Eurodry Ltd.

About

Eurodry Ltd.

EDRY

Frequently asked questions

Is Eurodry Ltd. EDRY stock halal to invest in?

How often is Eurodry Ltd. EDRY reviewed for Shariah compliance?

Does Eurodry Ltd. EDRY pass the AAOIFI Non Permissible Income criteria?

Does Eurodry Ltd. EDRY pass the AAOIFI Interest Bearing Investments criteria?

Does Eurodry Ltd. EDRY pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Eurodry Ltd. EDRY stock?

Does Eurodry Ltd. EDRY pass the AAOIFI Preference Share screen?

Can I buy Eurodry (EDRY) stock on Tabadulat?

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