C3is Inc. (CISS) is classified as Halal (Shariah-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
Sector
Industrials
Industry
Marine Shipping
Result
Pass
Reason
The sector "Industrials" and industry "Marine Shipping" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 0.0% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio
Value: 0.7% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio
Value: 0.7% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.75%.Based on the company's financial statements, approximately 0.75% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.75% of total income). Some scholars may differ on the exact calculation method.
About C3is Inc.
C3is Inc. offers seaborne transportation services. The company provides its services to dry bulk charterers, including national and private industrial users, commodity producers and traders, oil producers, refineries, and commodities traders and producers. As of December 31, 2025, it owns and operates three drybulk carriers, which transport major bulks, such as iron ore, coal, and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers; and one Aframax crude oil tanker that transports crude oil. C3is Inc. was founded in 2021 and is based in Athens, Greece.
Frequently Asked Questions
Is C3is Inc. (CISS) stock halal to invest in?
According to AAOIFI Shariah screening standards, C3is Inc. (CISS) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does C3is Inc. have any interest income?
C3is Inc.'s interest income ratio is 0.7% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if CISS stock is Shariah-compliant?
Based on the company's financial statements, approximately 0.75% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.75% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About C3is Inc.
C3is Inc. offers seaborne transportation services. The company provides its services to dry bulk charterers, including national and private industrial users, commodity producers and traders, oil producers, refineries, and commodities traders and producers. As of December 31, 2025, it owns and operates three drybulk carriers, which transport major bulks, such as iron ore, coal, and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers; and one Aframax crude oil tanker that transports crude oil. C3is Inc. was founded in 2021 and is based in Athens, Greece.
GreeceNASDAQIndustrials
Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
No verdict changes recorded since first screened on Jul 28, 2026. We started recording changes on Oct 19, 2026.
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, C3is Inc. (CISS) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
C3is Inc.'s interest income ratio is 0.7% of total revenue. AAOIFI standards require this to be below 30%.
CISS is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
C3is Inc.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save CISS to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from C3is Inc. require purification. Approximately 0.75% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
CISS is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is C3is Inc. stock reviewed for Shariah compliance?
C3is Inc.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on C3is Inc.'s compliance status?
You can save CISS to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from C3is Inc. stock considered halal?
Dividends from C3is Inc. require purification. Approximately 0.75% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my C3is Inc. shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
