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Shariah compliance overview

Not Halal

TORM plc (TRMD) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About TORM plc

TORM plc operates as a global product tanker company, focusing on the marine transportation of refined petroleum products, such as gasoline, jet fuel, and naphtha, alongside crude oil. As of March 23, 2022, the company maintained an active fleet of approximately 85 vessels.

TORM plc (TRMD) operates in the Industrials sector, in the Marine Shipping industry.

Why it is not classified as halal: it does not pass these screens: Interest-bearing debt.

Business Activity
0.98%Limit 5%Pass
Interest-bearing debt
40.70%Limit 30%Fail
Interest-bearing securities and assets
6.63%Limit 30%Pass
Dividend purification
0.98%Share of dividends to give to charityPurification calculator

Last updated: Nov 3, 2026 · Screening is informational and not a fatwa. Consult a qualified scholar for personal guidance.

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Frequently asked questions

Quick answers about TORM plc (TRMD). Current Akinda screening label: Not Halal.