Is Icon Energy Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Icon Energy Corp (ICON) is currently classified as NOT HALAL as of March 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 Icon Energy Corp 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 Icon Energy Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Icon Energy Corp?

Muslim investors may consider investing in Icon Energy Corp 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 Icon Energy Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Icon Energy Corp 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 Icon Energy Corp updated?

The Shariah compliance status of Icon Energy Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Icon Energy Corp 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 Icon Energy Corp?

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

ICON Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 05, 2026

Report Source: 2025 Annual Report

Analyst's Ratings for Icon Energy Corp (ICON)

Based on 7 analysts giving stock ratings to Icon Energy Corp in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Icon Energy Corp. Stock Analysis ICON

United States Industrials Nano Cap Report: 2025 Annual

Icon Energy Corp. is an international shipping company, which engages in the acquisition, ownership, chartering, and operation of dry bulk vessels. The company is headquartered in Athina, Attiki and currently employs 0 full-time employees. The company went IPO on 2024-05-14. The firm is engaged in the ocean transportation of dry bulk cargoes worldwide through the ownership and operation of dry bulk vessels, such as the Panamax vessel M/V Alfa, and others, as it is intends to charter its vessels to regional and international dry bulk operators, commodity traders and other customers primarily on time charters (either index-linked or fixed rate) or voyage charters. Dry bulk vessels of the Company are able to transport such bulks as iron ore, coal, grains and bauxite, as well as other bulks, including but not limited to steel, sugar, fertilizers, cement and scrap metal.

Key Statistics of Icon Energy Corp (ICON)

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

Today's Range

$1.37$1.55

Today's Open

$1.45

Volume

285.60K

P/E Ratio (TTM)

52 Week Range

$0.78$16.75

Market Cap

3.31M

Avg. Volume

130.52K

Dividend Yield

Financial Metrics & Statements of Icon Energy Corp (ICON)

FAQ's for Icon Energy Corp (ICON)

According to Musaffa’s Shariah screening methodology, Icon Energy Corp (ICON) is currently classified as NOT HALAL as of March 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.