What is Costamare Bulkers Holdings Ltd's Shariah compliance score?

Costamare Bulkers Holdings Ltd's (CMDB) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Costamare Bulkers Holdings Ltd pass AAOIFI screening?

Costamare Bulkers Holdings Ltd (CMDB) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (CMDB: 56.7%), (3) interest-bearing deposits below 30% (CMDB: 61.7%), and (4) prohibited income below 5% (CMDB: 0.5%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Costamare Bulkers Holdings Ltd stock?

Costamare Bulkers Holdings Ltd (CMDB) has a non-permissible income ratio of 0.53%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CMDB shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Costamare Bulkers Holdings Ltd for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Costamare Bulkers Holdings Ltd (CMDB) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about CMDB's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Costamare Bulkers Holdings Ltd (CMDB) halal? Not Halal. Based on AAOIFI screening, Costamare Bulkers Holdings Ltd passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

CMDB: Is Costamare Bulkers Holdings Ltd Halal?

Not Halal

Costamare Bulkers Holdings Ltd

NYSEIndustrialsUS

$16.64

-3.03%

AvoidBorderlineClean

About Costamare Bulkers Holdings Ltd

Costamare Bulkers Holdings Limited is an international enterprise specializing in the global transportation of key dry bulk commodities, such as grain, coal, and iron ore. The firm efficiently oversees all aspects of vessel chartering and freight agreements through its dedicated integrated dry bulk platform. This company, which has its main office in Monaco, originated as a distinct spin-off from Costamare Inc.

Sector: Industrials · Industry: Marine Shipping

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap56.7% / 30.0%

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 18, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

403.4M

Price

$16.64

Sector

Industrials

Industry

Marine Shipping

Halal Alternatives in Industrials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

FASTA+

Fastenal Company

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ODFLA+

Old Dominion Freight Line, Inc.

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SAIAA+

Saia, Inc.

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ADURA+

Aduro Clean Technologies Inc.

$13.86

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PHOEA+

Phoenix Asia Holdings Limited Ordinary Shares

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Frequently Asked Questions

Is Costamare Bulkers Holdings Ltd (CMDB) halal to invest in?

Costamare Bulkers Holdings Ltd (CMDB) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Costamare Bulkers Holdings Ltd get a F compliance rating?

Costamare Bulkers Holdings Ltd (CMDB) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 56.7% (limit 30%); interest-bearing deposits of 61.7% (limit 30%); prohibited income of 0.53% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Costamare Bulkers Holdings Ltd's Shariah verdict?

Costamare Bulkers Holdings Ltd's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Costamare Bulkers Holdings Ltd re-screened for Shariah compliance?

Costamare Bulkers Holdings Ltd (CMDB) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 18, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.