Hafnia Limited

HAFN: Is Hafnia Limited Halal?

Hafnia Limited

NYSEIndustrialsSG

$7.27

+3.56%

Market Cap: 3.6B

Compliance Status

Doubtful

Screened on Sep 2, 2026 · AAOIFI Standard 21

B+

Good

71Score

Is Hafnia Limited (HAFN) halal? Doubtful. Based on AAOIFI screening, Hafnia 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 Hafnia Limited (HAFN) Doubtful, 71/100, grade B+ under AAOIFI Standard 21, screened Sep 2, 2026. Source: https://halalscreener.app/en/stock/HAFN

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%.

26.5% of 30.0% limit

What this means for you

You may own HAFN, 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 HAFN's prohibited income, but the exact share you would need to purify is part of Pro.

About Hafnia Limited

Hafnia Limited, headquartered in Hamilton, Bermuda, is a prominent maritime transportation enterprise engaged in the ownership and operation of product tankers. The company manages a substantial fleet of 200 vessels across diverse categories such as Long Range II, Long Range I, Medium Range (MR), Handy size, and specialized carriers. Its core business involves the global shipment of a wide spectrum of clean and dirty refined petroleum products, vegetable oils, and specific chemicals for an international clientele that includes oil majors, chemical producers, as well as trading and utility corporations. In addition to its primary shipping activities, Hafnia offers a comprehensive suite of maritime services, including vessel ownership, expert ship management, investment services, corporate support, and agency office functions. The company also provides an integrated shipping platform that incorporates technical management, commercial and chartering services, pool administration, and large-scale bunker procurement.

Sector: Industrials · Industry: Marine Shipping

Why This Stock Is Doubtful

  • Debt is 26.5% of market cap, only 3.5 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 Aug 2026

  2. Not Halal

    until the change above

  3. Doubtful

    until the change above

  4. Not Halal

    until the change above

  5. Doubtful

    until the change above

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

Fiscal: FY 2025Data source: FMP
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Frequently Asked Questions

Is Hafnia Limited (HAFN) halal to invest in?
Hafnia Limited (HAFN) 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 Hafnia Limited get a B+ compliance rating?
Hafnia Limited (HAFN) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 26.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Hafnia Limited's Shariah verdict?
Hafnia 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 Hafnia Limited re-screened for Shariah compliance?
Hafnia Limited (HAFN) 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.