Is Castor Maritime Inc halal to invest in?

As of November 2026, Castor Maritime Inc CTRM is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against 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.

Is Castor Maritime Inc Stock Halal?

Shariah Compliance Analysis of CTRM Stock

United States Industrials Nano Cap

No. As of November 2026, Castor Maritime Inc (CTRM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Castor Maritime Inc does not pass Musaffa's business and financial screening criteria.

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.

CTRM Shariah Compliance

Screening Methodology: AAOIFI

As of November 2026, Castor Maritime Inc is classified as not halal.

NOT HALAL

Castor Maritime Inc (CTRM) Chart

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Financial Metrics & Statements of Castor Maritime Inc (CTRM)

FAQ's for Castor Maritime Inc (CTRM)

As of November 2026, Castor Maritime Inc CTRM is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
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.
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.
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.
The Shariah compliance status of Castor Maritime Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
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.
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.

Alternate Halal Stocks for Castor Maritime Inc (CTRM)

Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.

Name	Price	1D Change	Market Cap	Rating
Kirby Corp KEX	$140.82	0.13%	$7.16B	Unlock
Matson Inc MATX	$221.57	0.24%	$7.02B	Unlock
High-Trend International Group HTCO	$1.38	4.55%	$20.12M	Unlock
Tianci International Inc CIIT	$1.66	5.14%	$2.36M	Unlock
Arvana Inc AVNI	$0.00	0.00%	$12.58K	Unlock