TNCNot HalalF
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Compliance Status

Not Halal

Screened on Oct 13, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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HalalScreener rates Tennant Company (TNC) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 13, 2026. Source: https://halalscreener.app/en/stock/TNC

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

31.6% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding TNC

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Tennant Company

TNC: Is Tennant Company Halal?

Tennant Company

NYSEIndustrialsUS

$65.35

Market Cap: 1.1B

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About Tennant Company

Tennant Company, a global entity operating its design, manufacturing, and marketing efforts across the Americas, Europe, the Middle East, Africa, and Asia Pacific, specializes in sophisticated floor cleaning machinery. Its comprehensive portfolio encompasses an array of floor maintenance and cleaning equipment, environmentally friendly cleaning technologies (including detergent-free solutions), aftermarket parts and consumables, equipment upkeep and repair services, specialized surface coatings, and asset management solutions. The company further extends its offerings with financial services such as leasing, rental, and financing programs, along with advanced machine-to-machine (M2M) asset oversight systems. Products are distributed under proprietary brands like Tennant, Nobles, Alfa Uma Empresa Tennant, IRIS, VLX, IPC, Gaomei, and Rongen, as well as various private labels. These solutions are utilized across a broad spectrum of commercial and public environments, including retail establishments, distribution centers, factories, warehouses, public venues (such as arenas and stadiums), office buildings, schools, universities, hospitals, clinics, parking lots, and streets. Tennant serves a diverse clientele, including professional cleaning contractors and various businesses, through its direct sales and service teams, complemented by an extensive network of authorized distributors. Established in 1870, the company maintains its corporate headquarters in Eden Prairie, Minnesota.

Sector: Industrials · Industry: Industrial - Machinery

Why this does not pass

  • Interest-bearing debt is 31.6% of market cap, over the 30% AAOIFI 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 13, 2026

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Screened according to AAOIFI Standard 21

Compliance History

  1. Not Halalnow

    since Sep 2026

  2. Halal

    until the change above

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

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Tennant Company (TNC) halal to invest in?
Tennant Company (TNC) 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 Tennant Company get a F compliance rating?
Tennant Company (TNC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 31.6% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Tennant Company's Shariah verdict?
Tennant Company'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 Tennant Company re-screened for Shariah compliance?
Tennant Company (TNC) 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 13, 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.