Rubico Inc. (RUBI) - Halal (Shariah-Compliant)
Rubico Inc. (RUBI) 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: 2.3% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 0.3% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.3% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.26%.Based on the company's financial statements, approximately 0.26% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.26% of total income). Some scholars may differ on the exact calculation method.
About Rubico Inc.
Rubico Inc., together with its subsidiaries, engages in the tanker operations business in Greece and internationally. It owns and operates tanker vessels for the transportation of crude oil. The company was formerly known as Central Tactical Acquisitions Inc. and changed its name to Rubico Inc. in March 2023. Rubico Inc. was incorporated in 2022 and is based in Athens, Greece.
Frequently Asked Questions
Is Rubico Inc. (RUBI) stock halal to invest in?
According to AAOIFI Shariah screening standards, Rubico Inc. (RUBI) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does Rubico Inc. have any interest income?
Rubico Inc.'s interest income ratio is 0.3% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if RUBI stock is Shariah-compliant?
RUBI 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.

