What is CBL International Limited's Shariah compliance score?

CBL International Limited (BANL) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does CBL International Limited pass AAOIFI screening?

CBL International Limited (BANL) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. BANL's debt-to-market-cap is 0.6%.

How much purification is needed for CBL International Limited?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for CBL International Limited (BANL) using the latest financial data.

Where can I screen CBL International Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for CBL International Limited (BANL) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

BANLNot HalalF

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Compliance Status

Not Halal

Screened on Oct 10, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is CBL International Limited (BANL) halal? Not Halal. Based on AAOIFI screening, CBL International Limited passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates CBL International Limited (BANL) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 10, 2026. Source: https://halalscreener.app/en/stock/BANL

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

0.6% of 30.0% limit

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The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding BANL

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

BANL: Is CBL International Limited Halal?

CBL International Limited

NASDAQEnergyMY

$4.23

Market Cap: 8.9M

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About CBL International Limited

CBL International Limited, a specialized fuel logistics enterprise, delivers extensive vessel bunkering solutions across major maritime hubs including Malaysia, Hong Kong, China, South Korea, and Singapore, with operations extending globally. The company facilitates marine fuel supply by extending trade credit options and meticulously arranging the direct physical delivery of fuel. Its core function involves streamlining the refueling process, effectively connecting ship operators with local physical distributors and traders of marine fuel. Established in 2015, CBL International Limited is based in Kuala Lumpur, Malaysia, and operates as a subsidiary of CBL (Asia) Limited.

Sector: Energy · Industry: Oil & Gas Midstream

Why this does not pass

Interest-bearing deposits are over the 30% limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 10, 2026

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Institutional-grade Shariah analysis

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PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halalnow
since Oct 2026
Doubtful
until the change above
Not Halal
until the change above

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: Q2 2026Data source: FMP

Halal Alternatives in Energy

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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+0.01%

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Kinergy Advancement Bhd

$0.40

+0.00%

0215.KLA+

Solarvest Holdings Bhd

$4.24

+0.02%

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Frequently Asked Questions

Is CBL International Limited (BANL) halal to invest in?

CBL International Limited (BANL) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did CBL International Limited get a F compliance rating?

CBL International Limited (BANL) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.6% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change CBL International Limited's Shariah verdict?

CBL International Limited's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is CBL International Limited re-screened for Shariah compliance?

CBL International Limited (BANL) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Oct 10, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.