TRNNot HalalF
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Compliance Status

Not Halal

Screened on Oct 14, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Trinity Industries, Inc. (TRN) halal? Not Halal. Based on AAOIFI screening, Trinity Industries, Inc. 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 Trinity Industries, Inc. (TRN) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 14, 2026. Source: https://halalscreener.app/en/stock/TRN

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%.

261.4% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding TRN

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Trinity Industries, Inc.

TRN: Is Trinity Industries, Inc. Halal?

Trinity Industries, Inc.

NYSEIndustrialsUS

$25.22

Market Cap: 2.0B

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About Trinity Industries, Inc.

Trinity Industries, Inc. operates in North America, providing railway transportation solutions under its TrinityRail brand. The company is organized into two main divisions: Railcar Leasing and Management Services, and Rail Products. The Railcar Leasing and Management Services group focuses on leasing freight and tank railcars, overseeing railcar leases on behalf of third-party investors, and offering comprehensive fleet maintenance and management. As of December 31, 2021, this segment managed a fleet of 106,970 railcars, which it either owned or leased. Its customers are industrial shippers and railroad companies across various sectors, including agriculture, construction and metals, consumer goods, energy, and refined products and chemicals. Conversely, the Rail Products Group manufactures freight and tank railcars designed for transporting diverse liquids, gases, and dry cargo. This division also provides railcar maintenance and modification services. Its clientele includes railroads, leasing businesses, and industrial shippers in the same key markets: agriculture, construction and metals, consumer products, energy, and refined products and chemicals. Trinity Industries distributes its offerings via both its internal sales teams and independent representatives. Established in 1933, the company maintains its headquarters in Dallas, Texas.

Sector: Industrials · Industry: Railroads

Why this does not pass

  • Interest-bearing debt is 261.4% 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 14, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Not 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 Trinity Industries, Inc. (TRN) halal to invest in?
Trinity Industries, Inc. (TRN) 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 Trinity Industries, Inc. get a F compliance rating?
Trinity Industries, Inc. (TRN) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 261.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Trinity Industries, Inc.'s Shariah verdict?
Trinity Industries, 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 Trinity Industries, Inc. re-screened for Shariah compliance?
Trinity Industries, Inc. (TRN) 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 14, 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.