Is HTCO (High-Trend International Group) Halal or Haram?

Based on our AAOIFI-standard shariah screening, HTCO is Halal and considered permissible for Muslim investors. It passed all 4 of 4 compliance screens including business activity review, debt-to-market-cap ratio (0.10% vs ≤33% threshold), interest income ratio (0.03% vs ≤5% threshold), and cash & securities ratio (7.82% vs ≤33% threshold).

High-Trend International Group (HTCO) provides ocean transportation and vessel management services across Hong Kong, Singapore, and international waters. Formerly known as Caravelle International Group, the Singapore-based company also specializes in forward-looking marine decarbonization and digital carbon asset management solutions for the global shipping industry. For Muslim investors, HTCO presents a clear Halal investment opportunity, having passed all four AAOIFI screening criteria. The company's core operations in marine shipping and environmental solutions are fully permissible, meaning investors are not exposed to prohibited industries or haram revenue streams. From an Islamic finance perspective, HTCO boasts an incredibly clean balance sheet. Its debt-to-market cap ratio is practically non-existent at 0.1%, and interest-bearing income accounts for a negligible 0.03% of total revenue, ensuring minimal exposure to riba and making it a highly attractive fundamental profile for halal portfolios. While the stock is currently fully compliant, halal investors should monitor the company's digital carbon asset management division as it grows. Investors should ensure that any future trading or financialization of these carbon assets continues to align with Islamic principles regarding tangible assets and avoids speculative trading. High-Trend International Group operates in the Industrials sector under the Marine Shipping industry and is headquartered in Singapore, SG. The company is led by CEO Shixuan He and employs approximately 31 people.

HTCO was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. HTCO passed 4 of these 4 screens.

Although HTCO passes all shariah screens, it does earn $60,833 in interest income (0.03% of revenue). Many scholars recommend purifying this portion by donating the equivalent percentage of any dividends received to charity. For example, if you receive $100 in dividends, you would donate approximately $0.03 to purify the income.

HTCO was last screened on 2026-04-27. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.