BW LPG Limited

BWLP: Is BW LPG Limited Halal?

BW LPG Limited

NYSEIndustrialsSG

$18.37

+4.97%

Market Cap: 2.8B

Compliance Status

Doubtful

Screened on Sep 2, 2026 · AAOIFI Standard 21

B+

Good

71Score

Is BW LPG Limited (BWLP) halal? Doubtful. Based on AAOIFI screening, BW LPG Limited passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 71/100 (Grade: B+).

Quote this verdict

HalalScreener rates BW LPG Limited (BWLP) Doubtful, 71/100, grade B+ under AAOIFI Standard 21, screened Sep 2, 2026. Source: https://halalscreener.app/en/stock/BWLP

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

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

26.9% of 30.0% limit

What this means for you

You may own BWLP, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

We have screened BWLP's prohibited income, but the exact share you would need to purify is part of Pro.

About BW LPG Limited

BW LPG Limited is an investment holding company that specializes in global ship ownership and chartering operations. The company's business is structured into two main divisions: Shipping and Product Services. Its core activity involves the worldwide transportation of liquefied petroleum gas (LPG), primarily serving major oil companies, energy trading firms, and utility providers. Beyond shipping, BW LPG offers a comprehensive range of services, including integrated LPG delivery solutions, wholesale trading of LPG, and various management services. The company maintains and operates a substantial fleet, which includes both dedicated LPG vessels and numerous Very Large Gas Carriers (VLGCs). Established in 1935, and headquartered in Singapore, the company was formerly known as BW Gas LPG Holding Limited before rebranding to BW LPG Limited in September 2013.

Sector: Industrials · Industry: Marine Shipping

Why This Stock Is Doubtful

  • Debt is 26.9% of market cap, only 3.1 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 2, 2026

Compliance History

  1. Doubtfulnow

    since Jul 2026

  2. Not Halal

    until the change above

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

Fiscal: FY 2025Data source: FMP
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Frequently Asked Questions

Is BW LPG Limited (BWLP) halal to invest in?
BW LPG Limited (BWLP) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.
Why did BW LPG Limited get a B+ compliance rating?
BW LPG Limited (BWLP) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 26.9% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change BW LPG Limited's Shariah verdict?
BW LPG 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 BW LPG Limited re-screened for Shariah compliance?
BW LPG Limited (BWLP) 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: Sep 2, 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.