What is Safe Bulkers, Inc.'s Shariah compliance score?

Safe Bulkers, Inc.'s (SB) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Safe Bulkers, Inc. pass AAOIFI screening?

Safe Bulkers, Inc. (SB) 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% (SB: 82.2%), (3) interest-bearing deposits below 30% (SB: 23.3%), and (4) prohibited income below 5% (SB: 1.9%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Safe Bulkers, Inc. stock?

Safe Bulkers, Inc. (SB) has a non-permissible income ratio of 1.86%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SB 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 Safe Bulkers, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Safe Bulkers, Inc. (SB) 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 SB's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

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

SB: Is Safe Bulkers, Inc. Halal?

Not Halal

Safe Bulkers, Inc.

NYSEIndustrialsMC

$6.46

-2.42%

AvoidBorderlineClean

About Safe Bulkers, Inc.

Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 18, 2022, the company had a fleet of 40 drybulk vessels having an average age of 10.4 years; and an aggregate carrying capacity of 3,925,500 deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 15 post- Panamax class vessels, and 6 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.

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 Cap82.2% / 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

660.5M

Price

$6.46

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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ADURA+

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Phoenix Asia Holdings Limited Ordinary Shares

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Frequently Asked Questions

Is Safe Bulkers, Inc. (SB) halal to invest in?

Safe Bulkers, Inc. (SB) 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 Safe Bulkers, Inc. get a F compliance rating?

Safe Bulkers, Inc. (SB) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 82.2% (limit 30%); interest-bearing deposits of 23.3% (limit 30%); prohibited income of 1.86% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Safe Bulkers, Inc.'s Shariah verdict?

Safe Bulkers, Inc.'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 Safe Bulkers, Inc. re-screened for Shariah compliance?

Safe Bulkers, Inc. (SB) 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.