What is Tecnoglass Inc.'s Shariah compliance score?

Tecnoglass Inc. (TGLS) has a Shariah compliance score of 80/100 (Grade: A, Very Good). 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 Tecnoglass Inc. pass AAOIFI screening?

Tecnoglass Inc. (TGLS) passes 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%. TGLS's debt-to-market-cap is 14.0%.

How much purification is needed for Tecnoglass 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 Tecnoglass Inc. (TGLS) using the latest financial data.

Where can I screen Tecnoglass Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Tecnoglass Inc. (TGLS) 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.

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Compliance Status

Halal

Screened on Oct 15, 2026 · AAOIFI Standard 21

Very Good

80Score

Is Tecnoglass Inc. (TGLS) halal? Halal. Based on AAOIFI screening, Tecnoglass Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 80/100 (Grade: A).

Quote this verdict

HalalScreener rates Tecnoglass Inc. (TGLS) Halal, 80/100, grade A under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/TGLS

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%.

14.0% 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

You can own TGLS

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened TGLS's prohibited income, but the exact share you would need to purify is part of Pro.

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TGLS: Is Tecnoglass Inc. Halal?

Tecnoglass Inc.

NYSEBasic MaterialsUS

$37.98

Market Cap: 1.7B

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About Tecnoglass Inc.

Operating through its various subsidiaries, Tecnoglass Inc. specializes in the engineering, fabrication, promotion, and installation of advanced architectural systems. These solutions cater to both commercial and residential construction projects in Colombia, the United States, Panama, and other international markets. The company's diverse glass product portfolio features energy-efficient low emissivity glass, various laminated and thermo-laminated options, sound-insulating thermo-acoustic glass, robust tempered glass, and aesthetically enhanced silk-screened, curved, and digital print glass products. Complementing these, Tecnoglass also provides an array of aluminum components, such as bars, plates, profiles, rods, and tubes, which are essential for constructing architectural glass assemblies like windows, doors, internal partitions, and related structural elements. Beyond individual components, their comprehensive offerings include complete curtain wall and floating facade systems, a wide selection of windows and doors, sophisticated interior dividers, commercial display windows, specialized hurricane-resistant windows, and stick facade systems. The product range further extends to encompass awnings, structural units, automated doors, and other integral components of architectural frameworks. Tecnoglass markets its products primarily under its established brands: Tecnoglass, ESWindows, and Alutions. Distribution is managed through both in-house sales teams and independent representatives, as well as direct sales to a network of distributors. Established in 1984, the company is headquartered in Barranquilla, Colombia, and operates as a subsidiary of Energy Holding Corporation.

Sector: Basic Materials · Industry: Construction Materials

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 15, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR

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Frequently Asked Questions

Is Tecnoglass Inc. (TGLS) halal to invest in?

Based on AAOIFI Standard 21 screening, Tecnoglass Inc. (TGLS) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did Tecnoglass Inc. get a A compliance rating?

Tecnoglass Inc. (TGLS) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 14.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Tecnoglass Inc.'s Shariah verdict?

Tecnoglass 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 Tecnoglass Inc. re-screened for Shariah compliance?

Tecnoglass Inc. (TGLS) 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 15, 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.