What is Danaos Corporation's Shariah compliance score?

Danaos Corporation's (DAC) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Danaos Corporation pass AAOIFI screening?

Danaos Corporation (DAC) 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% (DAC: 49.9%), (3) interest-bearing deposits below 30% (DAC: 44.8%), and (4) prohibited income below 5% (DAC: 1.9%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Danaos Corporation stock?

Danaos Corporation (DAC) has a non-permissible income ratio of 1.88%. Muslim investors should purify this percentage of any dividends received and capital gains realized from DAC 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 Danaos Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Danaos Corporation (DAC) 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 DAC's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

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

DAC: Is Danaos Corporation Halal?

Not Halal

Danaos Corporation

NYSEIndustrialsGR

$128.80

+0.17%

AvoidBorderlineClean

About Danaos Corporation

Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2022, it had a fleet of 71 containerships aggregating 436,589 twenty-foot equivalent units in capacity. The company was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in October 2005. Danaos Corporation was founded in 1963 and is based in Piraeus, Greece.

Sector: Industrials · Industry: Marine Shipping

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 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 Cap49.9% / 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 17, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

2.3B

Price

$128.80

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

$44.88

+0.30%

ODFLA+

Old Dominion Freight Line, Inc.

$218.36

-0.83%

SAIAA+

Saia, Inc.

$467.89

-6.83%

ADURA+

Aduro Clean Technologies Inc.

$13.86

-1.56%

PHOEA+

Phoenix Asia Holdings Limited Ordinary Shares

$15.76

-9.62%

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A+

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UPS

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Frequently Asked Questions

Is Danaos Corporation (DAC) halal to invest in?

Danaos Corporation (DAC) 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 Danaos Corporation get a F compliance rating?

Danaos Corporation (DAC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 49.9% (limit 30%); interest-bearing deposits of 44.8% (limit 30%); prohibited income of 1.88% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Danaos Corporation's Shariah verdict?

Danaos Corporation'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 Danaos Corporation re-screened for Shariah compliance?

Danaos Corporation (DAC) 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 17, 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.