What is Globus Maritime Limited's Shariah compliance score?

Globus Maritime Limited's (GLBS) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Globus Maritime Limited pass AAOIFI screening?

Globus Maritime Limited (GLBS) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (GLBS: 139.1%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Globus Maritime Limited stock?

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 exact percentage and amount for Globus Maritime Limited (GLBS) using the latest financial data.

Where can I screen Globus Maritime Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Globus Maritime Limited (GLBS) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about GLBS's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

GLBS: Is Globus Maritime Limited Halal?

Globus Maritime Limited

NASDAQIndustrialsGR

$3.63

-1.36%

Market Cap: 78.3M

Compliance Status

Not Halal

Screened on Aug 12, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

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%.

139.1% of 30.0% limit

What this means for you

Most scholars advise not holding GLBS

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Globus Maritime Limited

Globus Maritime Limited (GML) is an international dry bulk shipping firm that specializes in providing worldwide marine transportation services. The company owns, manages, and operates a fleet of dry bulk carriers, which are essential for shipping a variety of raw materials and commodities, including iron ore, coal, grain, steel products, cement, alumina, and other bulk cargoes. As of March 31, 2022, GML's fleet consisted of nine vessels with a combined carrying capacity of 626,257 deadweight tons (DWT). These vessels are chartered out to a diverse range of clients, such as maritime operators, trading firms, other shipping companies, various producers, and government-owned organizations. Founded in 2006, Globus Maritime Limited is headquartered in Athens, Greece, and operates as a subsidiary of Firment Trading Limited.

Sector: Industrials · Industry: Marine Shipping

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 12, 2026

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: FY 2025Data 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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Old Dominion Freight Line, Inc.

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PHOEA+

Phoenix Asia Holdings Limited Ordinary Shares

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BUUUA+

BUUU Group Ltd

$30.08

+4.34%

FASTA+

Fastenal Company

$52.22

+3.33%

IESCA+

IES Holdings, Inc.

$642.77

+3.79%

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Frequently Asked Questions

Is Globus Maritime Limited (GLBS) halal to invest in?

Globus Maritime Limited (GLBS) 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 Globus Maritime Limited get a F compliance rating?

Globus Maritime Limited (GLBS) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 139.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Globus Maritime Limited's Shariah verdict?

Globus Maritime 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 Globus Maritime Limited re-screened for Shariah compliance?

Globus Maritime Limited (GLBS) 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: Aug 12, 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.