Is Evergreen Marine Corporation (Taiwan) (2603.TW) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Evergreen Marine Corporation (Taiwan) (2603.TW) does not pass the AAOIFI Shari’ah Standard 21 screen. Cash and interest-bearing investments are 43.7% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/3). Last checked 20 September 2026.
Evergreen Marine Corporation (Taiwan) is not compliant under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Pass |
| Interest-bearing debt | 30% | 38.99% | Review |
| Cash and interest-bearing investments | 30% | 43.74% | Fail |
| Prohibited income | 5% | 2.23% | Pass |
| Not just cash and debts | 90% | 23.42% | Pass |
Key Findings & Observations
- The interest-bearing debt test couldn’t be settled: The figures give 12.8% and 39.0%, on either side of the limit. Includes lease liabilities that may be ordinary rent, which AAOIFI does not count as borrowing.Source: AAOIFI Shari'ah Standard 21
- Cash and interest-bearing investments are 43.7% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/3).Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Evergreen Marine Corporation (Taiwan) Ltd. (2603.TW)
Is Evergreen Marine Corporation (Taiwan) (2603.TW) stock halal?▾
No. Evergreen Marine Corporation (Taiwan) (2603.TW) does not pass the AAOIFI Shari’ah Standard 21 screen. Cash and interest-bearing investments are 43.7% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/3). Last checked 20 September 2026.
What is Evergreen Marine Corporation (Taiwan)'s debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Evergreen Marine Corporation (Taiwan)'s ratio is about 39.0%.
How much dividend purification is required for Evergreen Marine Corporation (Taiwan) (2603.TW) stock?▾
Evergreen Marine Corporation (Taiwan) does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Evergreen Marine Corporation (Taiwan) operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Evergreen Marine Corporation (Taiwan)'s main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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