Is Icon Energy Corp (ICON) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1038.4% / 30% | 115.9% / 30% | 8.3% / 30% | 1.13% / 5% | ✗ NOT HALAL |
| DJIM | 1038.4% / 33% | 115.9% / 33% | 8.3% / 33% | 1.13% / 5% | ✗ NOT HALAL |
| MSCI | 59.5% / 33% | 6.6% / 33% | 0.5% / 33% | 1.13% / 5% | ✗ NOT HALAL |
| S&P | 1038.4% / 33% | 115.9% / 33% | 8.3% / 33% | 1.13% / 5% | ✗ NOT HALAL |
| FTSE | 59.5% / 33% | 6.6% / 33% | 0.5% / 50% | 1.13% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 43.8% | |
| Operating Margin | 3.1% | |
| Net Margin | -37.3% | |
| Return on Equity (ROE) | -25.3% | |
| Return on Assets (ROA) | 0.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $799,000 |
| Free Cash Flow | -$5M |
| Total Debt | $35M |
| Debt-to-Equity | 162.6 |
| Current Ratio | 1.1 |
| Total Assets | $58M |
Price & Trading
| Last Close | $0.89 |
| 50-Day MA | $1.50 |
| 200-Day MA | $7.01 |
| Avg Volume | 1.0M |
|
52-Week Range
$0.83
| |
About Icon Energy Corp (ICON)
Icon Energy Corp., a shipping company, provides seaborne transportation services for dry bulk cargoes through its fleet of oceangoing vessels worldwide. Its fleet consists of one Panamax dry bulk vessel with a carrying capacity of approximately 77,326 deadweight tons (dwt); one Kamsarmax dry bulk vessel with a carrying capacity of approximately 81,448 dwt; and one Ultramax dry bulk vessel with a carrying capacity of approximately 63.668 dwt. The company serves dry bulk operators, commodity traders, and end users. The company was incorporated in 2023 and is based in Athens, Greece. Icon Energy Corp. is a subsidiary of Atlantis Holding Corp.
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Frequently Asked Questions
Is Icon Energy Corp (ICON) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Icon Energy Corp is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Icon Energy Corp's debt ratio?
Icon Energy Corp's debt ratio is 1038.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 59.5%.
What are Icon Energy Corp's key financial metrics?
Icon Energy Corp has a market capitalization of $3M, and revenue of $11M. The company maintains a gross margin of 43.8% and a net margin of -37.3%. Return on equity stands at -25.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.