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

Himalaya Shipping Ltd.

HSHP: Is Himalaya Shipping Ltd. Halal?

Not Halal

Himalaya Shipping Ltd.

NYSEIndustrialsUS

$14.65

-2.59%

About Himalaya Shipping Ltd.

Himalaya Shipping Ltd. focuses on the provision of dry bulk shipping services. The company was incorporated in 2021 and is based in Hamilton, Bermuda.

Sector: Industrials 路 Industry: Marine Shipping

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026
F

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 Cap102.3% / 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

690.7M

Price

$14.65

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:

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Aduro Clean Technologies Inc.

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$15.76

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Frequently Asked Questions

Is Himalaya Shipping Ltd. (HSHP) halal to invest in?
Himalaya Shipping Ltd. (HSHP) 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 Himalaya Shipping Ltd. get a F compliance rating?
Himalaya Shipping Ltd. (HSHP) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 102.3% (limit 30%); interest-bearing deposits of 4.8% (limit 30%); prohibited income of 0.78% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Himalaya Shipping Ltd.'s Shariah verdict?
Himalaya Shipping 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 Himalaya Shipping Ltd. re-screened for Shariah compliance?
Himalaya Shipping Ltd. (HSHP) 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 路 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.