What is EuroDry Ltd.'s Shariah compliance score?

EuroDry Ltd. (EDRY) 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 EuroDry Ltd. pass AAOIFI screening?

EuroDry Ltd. (EDRY) 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%. EDRY's debt-to-market-cap is 70.0%.

How much purification is needed for EuroDry Ltd.?

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 EuroDry Ltd. (EDRY) using the latest financial data.

Where can I screen EuroDry Ltd. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for EuroDry Ltd. (EDRY) 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.

EDRYNot HalalF

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EDRY: Is EuroDry Ltd. Halal?

EuroDry Ltd.

NASDAQIndustrialsGR

$48.16

Market Cap: 139.2M

Compliance Status

Not Halal

Screened on Sep 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates EuroDry Ltd. (EDRY) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 26, 2026. Source: https://halalscreener.app/en/stock/EDRY

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

70.0% of 30.0% limit

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.

Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding EDRY

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

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About EuroDry Ltd.

EuroDry Ltd., a global marine shipping firm founded in 2018 and based in Marousi, Greece, provides worldwide ocean-going transport services through its subsidiaries. The company owns and manages a fleet of dry bulk carriers. These vessels are primarily used to transport major bulk commodities like iron ore, coal, and grains, alongside minor bulk cargo such as bauxite, phosphate, and fertilizers. As of March 31, 2022, its operational fleet consisted of ten dry bulk ships—specifically, five Panamax, two Ultramax, two Kamsarmax, and one Supramax—boasting a combined cargo capacity of 726,555 deadweight tons.

Sector: Industrials · Industry: Marine Shipping

Why this does not pass

Interest-bearing debt is 70.0% of market cap, over the 30% AAOIFI 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 Sep 26, 2026

See which ratio caused the failure.

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AI Compliance Insight

PRO

Institutional-grade Shariah analysis

See why EDRY is rated Not Halal with institutional-grade analysis

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.

Screened according to AAOIFI Standard 21

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: FMP

Halal Alternatives in Industrials

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

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Sanichi Technology Berhad

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-0.10%

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Tri-Mode System (M) Berhad

$0.16

+0.00%

0217.KLA+

Powerwell Holdings Berhad

$1.18

-0.02%

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Frequently Asked Questions

Is EuroDry Ltd. (EDRY) halal to invest in?

EuroDry Ltd. (EDRY) 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 EuroDry Ltd. get a F compliance rating?

EuroDry Ltd. (EDRY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 70.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change EuroDry Ltd.'s Shariah verdict?

EuroDry Ltd.'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 EuroDry Ltd. re-screened for Shariah compliance?

EuroDry Ltd. (EDRY) 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 26, 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.