Navigator Holdings Ltd.

NVGS: Is Navigator Holdings Ltd. Halal?

Navigator Holdings Ltd.

NYSEIndustrialsGB

$20.12

-2.28%

Market Cap: 1.2B

Compliance Status

Not Halal

Screened on Jul 13, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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%.

70.8% of 30.0% limit

What this means for you

Most scholars advise not holding NVGS

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Navigator Holdings Ltd.

Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. It engages in the international and regional seaborne transportation of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also provides ship shore infrastructure and consultancy services. It operates through a fleet of 57 semi- or fully-refrigerated liquefied gas carriers. Navigator Holdings Ltd. was formerly known as Isle of Man public limited company and changed its name to Navigator Holdings Ltd. in 2006. The company was incorporated in 1997 and is based in London, the United Kingdom.

Sector: Industrials · Industry: Marine Shipping

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 13, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP
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Frequently Asked Questions

Is Navigator Holdings Ltd. (NVGS) halal to invest in?
Navigator Holdings Ltd. (NVGS) 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 Navigator Holdings Ltd. get a F compliance rating?
Navigator Holdings Ltd. (NVGS) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 70.8% (limit 30%); interest-bearing deposits of 16.1% (limit 30%); prohibited income of 0.99% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Navigator Holdings Ltd.'s Shariah verdict?
Navigator Holdings 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 Navigator Holdings Ltd. re-screened for Shariah compliance?
Navigator Holdings Ltd. (NVGS) 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: Jul 13, 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.