Is BUNKER HOLDING A/S stock halal?
Questionable
Financial statements below the thresholds, but the company's activity remains to be verified.
This verdict follows the median view, that of AAOIFI Standard No. 21. It is based on the financial statements for the fiscal year ended 04/30/2026.
The ratios
| Criterion | Measure | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 17.3% of total assets | 30% | within threshold |
| Interest-bearing investments | 1.4% of total assets | 30% | within threshold |
| Impermissible income | not published | 5% | to be verified |
Standard: Total assets, 30% threshold.
The three views
- Median view, our reference : the company is admitted, provided the gains are purified.
- Strictest view : the company is excluded, because it borrows or invests at interest.
- Most lenient view : the company is admitted (Total assets, one-third threshold).
Business activity
Activity not classified (no sector code in European filings)
Financial statements read
Fiscal year ended 04/30/2026, in millions of dollars. Source: Annual report of BUNKER HOLDING A/S (ESEF format), fiscal year ended 2026-04-30.
What could not be verified
- Market capitalization: missing from the filed financial statements, so the AAOIFI ratio is not computed; tolerance is assessed on total assets.
- Interest received: amount not isolated in the filed financial statements.
- Activity not classified: European filings carry no sector code.
- Figures read automatically and not reviewed by a human.
General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology