What is TMD Energy Limited's Shariah compliance score?

TMD Energy Limited's (TMDE) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does TMD Energy Limited pass AAOIFI screening?

TMD Energy Limited (TMDE) 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% (TMDE: 484.0%), (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 TMD Energy 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 TMD Energy Limited (TMDE) using the latest financial data.

Where can I screen TMD Energy Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for TMD Energy Limited (TMDE) 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 TMDE's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

TMDE: Is TMD Energy Limited Halal?

TMD Energy Limited

AMEXEnergyMY

$0.71

+0.01%

Market Cap: 16.7M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is TMD Energy Limited (TMDE) halal? Not Halal. Based on AAOIFI screening, TMD Energy 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%.

484.0% of 30.0% limit

What this means for you

Most scholars advise not holding TMDE

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About TMD Energy Limited

TMD Energy Limited, an investment holding entity, centers its operations on delivering marine fuel bunkering solutions across key Southeast Asian and East Asian maritime hubs, specifically Hong Kong, Malaysia, Indonesia, Singapore, and Vietnam. The company specializes in the marketing and distribution of various marine fuels, including high-sulfur fuel oil, low-sulfur fuel oil, and very low-sulfur fuel oil, as well as marine gas, to the shipping industry. Beyond its core fuel supply business, TMD Energy diversifies its service portfolio to encompass vessel chartering and comprehensive ship management for both its own and external fleets. Additional offerings include the sale of cargo oil and potable water, alongside general vessel cleaning and disinfection services. Operating with a fleet of 15 meticulously maintained bunkering vessels, TMD Energy Limited was established in 2023 and is headquartered in Kuala Lumpur, Malaysia. It operates as a subsidiary of Straits Energy Resources Berhad.

Sector: Energy · Industry: Oil & Gas Midstream

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 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 2024Data source: FMP

Halal Alternatives in Energy

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

0091.KLA+

Propel Global Bhd

$0.07

+0.00%

0118.KLA+

Trive Property Group Bhd

$0.02

+0.00%

0168.KLA+

BM Greentech Bhd

$1.66

+0.02%

0193.KLA+

Kinergy Advancement Bhd

$0.43

+0.00%

0215.KLA+

Solarvest Holdings Bhd

$3.03

-0.00%

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ONEOK, Inc.

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Frequently Asked Questions

Is TMD Energy Limited (TMDE) halal to invest in?

TMD Energy Limited (TMDE) 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 TMD Energy Limited get a F compliance rating?

TMD Energy Limited (TMDE) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 484.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change TMD Energy Limited's Shariah verdict?

TMD Energy 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 TMD Energy Limited re-screened for Shariah compliance?

TMD Energy Limited (TMDE) 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 26, 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.