Torm PLC TRMD
$31.80 $0.74 (2.38%) 1D
Last Updated: Aug 21, 12:00 AM·NASDAQ
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TRMD Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Torm PLC is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Torm PLC. Stock Analysis TRMD
United States Energy Mid Cap TORM Plc engages in the business of transporting clean and dirty petroleum products. The firm owns and operates a fleet of product tankers. The Company’s segments include the Tanker segment, for which the services provided primarily comprise transportation of refined oil products, such as gasoline, jet fuel, and naphtha, and the Marine Engineering segment, for which the services provided primarily comprise developing and producing advanced and green marine equipment. Its wholly owned fleet of around 90 vessels is specifically configured to move energy and clean petroleum products from refineries to their customers. With vessels varying in size from 45,000 - 115,000 deadweight tonnage (DWT), it offers a range of product tankers. The company is present in all large vessel classes in the product tanker market, with specific focus on the LR2, LR1, and MR vessel classes. Its vessels include TORM Hannah, TORM Hellerup, TORM Helene, TORM Hermia, TORM Signe, TORM Elizabeth, TORM Elise, TORM India, TORM Lilly, among others.
Torm PLC (TRMD) Chart
Financial Metrics & Statements of Torm PLC (TRMD)
FAQ's for Torm PLC (TRMD)
- As of August 2026, Torm PLC TRMD 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 Torm PLC using these criteria to determine its compliance status.
- Muslim investors may consider investing in Torm PLC 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 Torm PLC 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 Torm PLC 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 Torm PLC 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 Torm PLC (TRMD)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
