What is Treasure Global Inc.'s Shariah compliance score?

Treasure Global Inc. (TGL) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Treasure Global Inc. pass AAOIFI screening?

Treasure Global Inc. (TGL) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. TGL's debt-to-market-cap is 2.2%.

How much purification is needed for Treasure Global Inc.?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Treasure Global Inc. (TGL) using the latest financial data.

Where can I screen Treasure Global Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Treasure Global Inc. (TGL) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

TGLNot HalalF

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Compliance Status

Not Halal

Screened on Oct 8, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Treasure Global Inc. (TGL) halal? Not Halal. Based on AAOIFI screening, Treasure Global Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Treasure Global Inc. (TGL) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/TGL

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

2.2% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding TGL

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

TGL: Is Treasure Global Inc. Halal?

Treasure Global Inc.

NASDAQTechnologyUS

$1.10

Market Cap: 2.2M

Screened on a market cap of 2.6M

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About Treasure Global Inc.

Treasure Global Inc. (TGL) operates an e-commerce platform specifically designed for the Malaysian market. This digital marketplace connects consumers with local businesses, providing access to a wide array of activities, travel packages, various goods, essential services, and loyalty programs. Additionally, TGL offers "z-city," a distinctive cross profit-sharing platform. Z-city enables business owners to effectively market their products, expand their professional network, and participate in shared earnings and incentives. The company was founded in 2020 and is headquartered in New York, New York.

Sector: Technology · Industry: Software - Application

Why this does not pass

Interest-bearing deposits are over the 30% limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 8, 2026

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Institutional-grade Shariah analysis

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See why TGL is rated Not Halal with institutional-grade analysis

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: Q3 2026Data source: EDGAR

Halal Alternatives in Technology

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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IRIS Corporation Bhd

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IFCA MSC Bhd

$0.20

+0.00%

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Key Alliance Group Bhd

$0.06

-0.08%

0040.KLA+

OpenSys (M) Bhd

$0.30

-0.02%

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Frequently Asked Questions

Is Treasure Global Inc. (TGL) halal to invest in?

Treasure Global Inc. (TGL) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Treasure Global Inc. get a F compliance rating?

Treasure Global Inc. (TGL) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Treasure Global Inc.'s Shariah verdict?

Treasure Global Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Treasure Global Inc. re-screened for Shariah compliance?

Treasure Global Inc. (TGL) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Oct 8, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.