Compliance Status

Halal

Screened on Oct 14, 2026 · AAOIFI Standard 21

B+

Good

78Score

Is Frontline Plc (FRO) halal? Halal. Based on AAOIFI screening, Frontline Plc passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 78/100 (Grade: B+).

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HalalScreener rates Frontline Plc (FRO) Halal, 78/100, grade B+ under AAOIFI Standard 21, screened Oct 14, 2026. Source: https://halalscreener.app/en/stock/FRO

Business activity

What the company sells is permissible.

Passed

Company debt

Within the limit

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

19.4% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

You can own FRO

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

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

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Frontline Plc

FRO: Is Frontline Plc Halal?

Frontline Plc

NYSEIndustrialsCY

$52.49

Market Cap: 11.7B

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About Frontline Plc

Frontline plc, a shipping company, engages in the ownership and operation of oil and product tankers worldwide. The company owns and operates oil and product tankers, such as very large crude carriers (VLCCs), Suezmax tankers, and LR2/Aframax tankers. As of December 31, 2025, it operated a fleet of 80 vessels, including 41 VLCCs, 21 Suezmax tankers, and 18 LR2/Aframax tankers. The company is also involved in the charter, purchase, and sale of vessels. Frontline plc was founded in 1985 and is based in Limassol, Cyprus.

Sector: Industrials · Industry: Marine Shipping

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 14, 2026

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Screened according to AAOIFI Standard 21

Compliance History

  1. Halalnow

    since Sep 2026

  2. Doubtful

    until the change above

  3. Not Halal

    until the change above

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

Fiscal: Q2 2026Data source: FMP
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Frequently Asked Questions

Is Frontline Plc (FRO) halal to invest in?
Based on AAOIFI Standard 21 screening, Frontline Plc (FRO) is rated Halal with a compliance grade of B+ (Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Frontline Plc get a B+ compliance rating?
Frontline Plc (FRO) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 19.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Frontline Plc's Shariah verdict?
Frontline Plc'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 Frontline Plc re-screened for Shariah compliance?
Frontline Plc (FRO) 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 14, 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.