Is Castor Maritime Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Castor Maritime Inc (CTRM) is currently classified as NOT HALAL as of April 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Castor Maritime Inc a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Castor Maritime Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Castor Maritime Inc?

Muslim investors may consider investing in Castor Maritime Inc if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Castor Maritime Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Castor Maritime Inc by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Castor Maritime Inc updated?

The Shariah compliance status of Castor Maritime Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Castor Maritime Inc become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Castor Maritime Inc?

You can check the latest Shariah compliance status of Castor Maritime Inc on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

CTRM Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 30, 2026

Report Source: 2025 Annual Report

Castor Maritime Inc. Stock Analysis CTRM

United States Industrials Nano Cap Report: 2025 Annual

Castor Maritime, Inc. engages in the provision of shipping transportation services. The firm is engaged in the seaborne transportation of a range of commodities along worldwide shipping routes. The company offers seaborne transportation services for dry bulk and containership cargoes. The firm owns a fleet of approximately 12 vessels, with an aggregate capacity of 0.8 million deadweight tons (dwt), consisting of four Kamsarmax vessels, five Panamax dry bulk vessels, one Ultramax vessel, one 2,700 twenty-foot equivalent unit (TEU) containership vessels, and one 1850 TEU containership. The Company’s fleet includes M/V Magic Thunder, M/V Magic Perseus, M/V Magic Starlight, M/V Magic Mars, M/V Magic P, M/V Magic Vela, M/V Magic Eclipse, M/V Magic Pluto, and M/V Magic Callisto.

Key Statistics of Castor Maritime Inc (CTRM)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$1.90$1.93

Today's Open

$1.92

Volume

22.00K

P/E Ratio (TTM)

0.96

52 Week Range

$1.66$2.65

Market Cap

20.05M

Avg. Volume

42.98K

Dividend Yield

26.61%

Financial Metrics & Statements of Castor Maritime Inc (CTRM)

FAQ's for Castor Maritime Inc (CTRM)

According to Musaffa’s Shariah screening methodology, Castor Maritime Inc (CTRM) is currently classified as NOT HALAL as of April 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.