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Is TMD Energy Ltd Stock Halal?
Shariah Compliance Analysis of TMDE Stock
No. As of November 2026, TMD Energy Ltd (TMDE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. TMD Energy Ltd does not pass Musaffa's business and financial screening criteria.
TMD Energy Ltd. is a holding company, which engages in the supply and market of marine gas and fuel oil. The firm provides marine fuel bunkering services in the supply and marketing of marine gas oil and marine fuel oil, which include high sulfur fuel oil, low sulfur fuel oil and very low sulfur fuel oil, to ships and vessels at sea. The company is also involved in the provision of ship management services for in-house and external vessels, as well as vessel chartering services. The company operates over 15 well-maintained bunkering vessels and operates in 19 ports in Malaysia, including Lumut Port, Penang Port, Malacca Port, and others. Its range of bunkering services caters to various types of seafaring vessels, including container vessels, oil tankers, cruise ships, and accommodation work barges such as floating production storage and offloading units and floating storage and offloading units, supply and support vessels such as platform supply vessels and research vessels. Its offshore structures include semi-submersible rigs, jackup rigs and drillships.
TMDE Shariah Compliance
Screening Methodology: AAOIFI
As of November 2026, TMD Energy Ltd is classified as not halal.
NOT HALALTMD Energy Ltd (TMDE) Chart
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Financial Metrics & Statements of TMD Energy Ltd (TMDE)
FAQ's for TMD Energy Ltd (TMDE)
- As of November 2026, TMD Energy Ltd TMDE 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 TMD Energy Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in TMD Energy Ltd 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 TMD Energy Ltd 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 TMD Energy Ltd 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 TMD Energy Ltd 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 TMD Energy Ltd (TMDE)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.