Is Safe Bulkers, Inc. SB stock halal to invest in?

No, as of August 2026, Safe Bulkers, Inc. stock (SB) 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. Safe Bulkers, 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 Safe Bulkers, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Safe Bulkers, Inc. SB reviewed for Shariah compliance?

Tabadulat reviews Safe Bulkers, Inc. SB 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 Monthly screening ensures the status shown for Safe Bulkers, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Safe Bulkers, Inc. SB pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Safe Bulkers, Inc. stock (SB) 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. Safe Bulkers, 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 Safe Bulkers, Inc. SB pass the AAOIFI Interest Bearing Investments criteria?

No, as of August 2026, Safe Bulkers, Inc. stock (SB) 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. Safe Bulkers, 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 Safe Bulkers, Inc. SB pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Safe Bulkers, Inc. stock (SB) 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. Safe Bulkers, 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 Safe Bulkers, Inc. SB stock?

Safe Bulkers, Inc. (SB) 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 Safe Bulkers, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Safe Bulkers, Inc. SB pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Safe Bulkers, Inc. stock (SB) 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. Safe Bulkers, 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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Safe Bulkers, Inc.

NYSE

Shariah-Compliant

Not Shariah

About

Safe Bulkers, Inc.

SB

Safe Bulkers Inc. is a global shipping company that specializes in the seaborne transportation of dry bulk commodities. These commodities include essential goods such as coal, grain, and iron ore, which are vital to a wide array of industries, including energy, agriculture, and steel production. The company's primary function is to facilitate efficient and reliable maritime transport services worldwide, leveraging a diverse fleet of modern and eco-friendly vessels. As a significant participant in the dry bulk shipping industry, Safe Bulkers Inc. plays a crucial role in the global supply chain, ensuring that raw materials reach their destination markets smoothly. The company operates primarily through time charters and spot contracts, allowing flexibility and adaptation to fluctuating market demands. Headquartered in Monrovia, Liberia, but with its operational presence in Greece, it often serves major industrial centers across the globe. In addition to contributing to global trade, Safe Bulkers Inc. is committed to implementing sustainable practices, focusing on reducing its environmental impact through technological advancements and compliance with international maritime regulations. This dedication underscores its long-term significance in maintaining efficient and environmentally conscious shipping operations.

Sector:

Industrials

Industry:

Marine Shipping

Employees:

941

Website:

https://www.safebulkers.com

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Safe Bulkers, Inc.

About

Safe Bulkers, Inc.

SB

Frequently asked questions

Is Safe Bulkers, Inc. SB stock halal to invest in?

How often is Safe Bulkers, Inc. SB reviewed for Shariah compliance?

Does Safe Bulkers, Inc. SB pass the AAOIFI Non Permissible Income criteria?

Does Safe Bulkers, Inc. SB pass the AAOIFI Interest Bearing Investments criteria?

Does Safe Bulkers, Inc. SB pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Safe Bulkers, Inc. SB stock?

Does Safe Bulkers, Inc. SB pass the AAOIFI Preference Share screen?

Can I buy Safe Bulkers (SB) stock on Tabadulat?

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