Tsakos Energy Navigation Limited

TEN: Is Tsakos Energy Navigation Limited Halal?

Tsakos Energy Navigation Limited

NYSEEnergyGR

$39.66

+3.77%

Market Cap: 1.2B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Tsakos Energy Navigation Limited (TEN) halal? Not Halal. Based on AAOIFI screening, Tsakos Energy Navigation Limited 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%.

161.4% of 30.0% limit

What this means for you

Most scholars advise not holding TEN

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Tsakos Energy Navigation Limited

Tsakos Energy Navigation Limited (TEN) is a global maritime company dedicated to the worldwide ocean transport of crude oil and refined petroleum products. The firm delivers vital shipping and logistics services to a wide array of clients, including national, major, and independent oil companies and refineries, utilizing a range of charter agreements that vary in duration from short-term to extensive long-term contracts. TEN boasts a modern, double-hulled fleet consisting of conventional tankers, liquefied natural gas (LNG) carriers, and specialized suezmax DP2 shuttle tankers. Established in 1993, the company operated under the name MIF Limited before officially adopting Tsakos Energy Navigation Limited in July 2001. Its central operations are managed from its headquarters situated in Athens, Greece.

Sector: Energy · Industry: Oil & Gas Midstream

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 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

Halal Alternatives in Energy

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is Tsakos Energy Navigation Limited (TEN) halal to invest in?
Tsakos Energy Navigation Limited (TEN) 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 Tsakos Energy Navigation Limited get a F compliance rating?
Tsakos Energy Navigation Limited (TEN) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 161.4% (limit 30%); interest-bearing deposits of 27.9% (limit 30%); prohibited income of 1.31% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Tsakos Energy Navigation Limited's Shariah verdict?
Tsakos Energy Navigation 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 Tsakos Energy Navigation Limited re-screened for Shariah compliance?
Tsakos Energy Navigation Limited (TEN) 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 18, 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.