What is Pangaea Logistics Solutions, Ltd.'s Shariah compliance score?

Pangaea Logistics Solutions, Ltd. (PANL) has a Shariah compliance score of 65/100 (Grade: B, Acceptable) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Pangaea Logistics Solutions, Ltd. pass AAOIFI screening?

Pangaea Logistics Solutions, Ltd. (PANL) partially passes with caution 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% (PANL: 26.5%), (3) interest-bearing deposits below 30% (PANL: 13.1%), and (4) prohibited income below 5% (PANL: 0.3%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Pangaea Logistics Solutions, Ltd. stock?

Pangaea Logistics Solutions, Ltd. (PANL) has a non-permissible income ratio of 0.33%. Muslim investors should purify this percentage of any dividends received and capital gains realized from PANL 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 Pangaea Logistics Solutions, Ltd. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Pangaea Logistics Solutions, Ltd. (PANL) 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 PANL's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Pangaea Logistics Solutions, Ltd. (PANL) halal? Doubtful. Based on AAOIFI screening, Pangaea Logistics Solutions, Ltd. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 65/100 (Grade: B).

PANL: Is Pangaea Logistics Solutions, Ltd. Halal?

Doubtful

Pangaea Logistics Solutions, Ltd.

NASDAQIndustrialsUS

$7.90

+3.40%

AvoidBorderlineClean

Purify ~0.3% of income

About Pangaea Logistics Solutions, Ltd.

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. As of March 16, 2022, the company owned and operated a fleet of 25 vessels. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.

Sector: Industrials · Industry: Marine Shipping

Why This Stock Is Doubtful

Debt is 26.5% of market cap, only 3.5 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026

Acceptable

Acceptable but room for improvement

65Score

Business Activity Screen

Passed

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

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap26.5% / 30.0%

Compliance History

Doubtful, 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: Q1 2026Source: EDGAR

Purify Your PANL Dividends

0.3% non-compliant income

PANL has 0.3% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

516.8M

Price

$7.90

Sector

Industrials

Industry

Marine Shipping

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Frequently Asked Questions

Is Pangaea Logistics Solutions, Ltd. (PANL) halal to invest in?

Pangaea Logistics Solutions, Ltd. (PANL) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Pangaea Logistics Solutions, Ltd. get a B compliance rating?

Pangaea Logistics Solutions, Ltd. (PANL) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 26.5% (limit 30%); interest-bearing deposits of 13.1% (limit 30%); prohibited income of 0.33% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Pangaea Logistics Solutions, Ltd.'s Shariah verdict?

Pangaea Logistics Solutions, 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 Pangaea Logistics Solutions, Ltd. re-screened for Shariah compliance?

Pangaea Logistics Solutions, Ltd. (PANL) 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.