What is Nordic American Tankers Limited's Shariah compliance score?

Nordic American Tankers Limited (NAT) has a Shariah compliance score of 70/100 (Grade: B+, Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Nordic American Tankers Limited pass AAOIFI screening?

Nordic American Tankers Limited (NAT) partially passes with caution 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% (NAT: 29.3%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Nordic American Tankers 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 Nordic American Tankers Limited (NAT) using the latest financial data.

Where can I screen Nordic American Tankers Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nordic American Tankers Limited (NAT) and 5,100+ 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 NAT's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NAT: Is Nordic American Tankers Limited Halal?

Nordic American Tankers Limited

NYSEIndustrialsBM

$6.46

+0.94%

Market Cap: 1.4B

Compliance Status

Doubtful

Screened on Sep 1, 2026 · AAOIFI Standard 21

B+

Good

70Score

Is Nordic American Tankers Limited (NAT) halal? Doubtful. Based on AAOIFI screening, Nordic American Tankers Limited passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 70/100 (Grade: B+).

Quote this verdict

HalalScreener rates Nordic American Tankers Limited (NAT) Doubtful, 70/100, grade B+ under AAOIFI Standard 21, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/NAT

AvoidBorderlineClean

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%.

29.3% of 30.0% limit

What this means for you

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

About Nordic American Tankers Limited

Founded in 1995 and headquartered in Hamilton, Bermuda, Nordic American Tankers Limited (NAT) is a shipping enterprise focused on the acquisition and chartering of double-hull tanker vessels. The company's operations extend internationally as well as within Bermuda, and it currently manages a fleet of 24 Suezmax-class crude oil tankers. In June 2011, the firm changed its name to Nordic American Tankers Limited, having previously operated as Nordic American Tanker Shipping Limited.

Sector: Industrials · Industry: Marine Shipping

Why This Stock Is Doubtful

Debt is 29.3% of market cap, only 0.7 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 1, 2026

Compliance History

Doubtfulnow
since Aug 2026
Not Halal
until the change above
Doubtful
until the change above
Not Halal
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 Nordic American Tankers Limited (NAT) halal to invest in?

Nordic American Tankers Limited (NAT) 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 Nordic American Tankers Limited get a B+ compliance rating?

Nordic American Tankers Limited (NAT) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 29.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Nordic American Tankers Limited's Shariah verdict?

Nordic American Tankers 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 Nordic American Tankers Limited re-screened for Shariah compliance?

Nordic American Tankers Limited (NAT) 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 1, 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.