Does Tungray Technologies Inc Class A Ordinary Shares pass AAOIFI screening?

Tungray Technologies Inc Class A Ordinary Shares (TRSG) partially passes with caution AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (TRSG: 12.2%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Tungray Technologies Inc Class A Ordinary Shares stock?

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 exact percentage and amount for Tungray Technologies Inc Class A Ordinary Shares (TRSG) using the latest financial data.

Where can I screen Tungray Technologies Inc Class A Ordinary Shares for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Tungray Technologies Inc Class A Ordinary Shares (TRSG) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about TRSG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

TRSG: Is Tungray Technologies Inc Class A Ordinary Shares Halal?

Tungray Technologies Inc Class A Ordinary Shares

NASDAQIndustrialsSG

$1.46

+1.60%

Market Cap: 23.9M

Compliance Status

Doubtful

Screened on Aug 26, 2026 · AAOIFI Standard 21

Acceptable

67Score

Is Tungray Technologies Inc Class A Ordinary Shares (TRSG) halal? Doubtful. Based on AAOIFI screening, Tungray Technologies Inc Class A Ordinary Shares passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 67/100 (Grade: B).

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%.

12.2% of 30.0% limit

What this means for you

You may own TRSG, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

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

About Tungray Technologies Inc Class A Ordinary Shares

Tungray Technologies Inc. operates as an engineer-to-order firm, providing tailored industrial manufacturing solutions across China and Singapore via its subsidiaries. The company's diverse product and service portfolio includes bespoke industrial testing and tooling setups, the fabrication of welding equipment, and advanced direct drive (DD) and linear direct current (DC) motors. Tungray also specializes in the conceptualization, development, and manufacturing of unique, non-standard machinery, such as automated assembly systems, high-precision testing apparatus, and custom tooling fixtures. Their extensive research and development efforts further encompass induction brazing and hardening equipment, automatic welding solutions, and a full spectrum of linear and DD motors, which they also design and produce. Additionally, the company innovates and markets intelligent robotic systems and sophisticated storage equipment, alongside offering installation services for industrial machinery and undertaking mechanical engineering projects. Tungray primarily serves original equipment manufacturers (OEMs) within critical sectors like semiconductors, printing, consumer electronics, and domestic appliances. Established in 2022, Tungray Technologies Inc. is headquartered in Singapore and functions as a subsidiary of Pegasus Automation Limited.

Sector: Industrials · Industry: Manufacturing - Metal Fabrication

Why This Stock Is Doubtful

Interest-bearing deposits are 27.7% of market cap, only 2.3 points below the 30% limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Doubtful, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

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Frequently Asked Questions

Is Tungray Technologies Inc Class A Ordinary Shares (TRSG) halal to invest in?

Tungray Technologies Inc Class A Ordinary Shares (TRSG) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Tungray Technologies Inc Class A Ordinary Shares get a B compliance rating?

Tungray Technologies Inc Class A Ordinary Shares (TRSG) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 12.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Tungray Technologies Inc Class A Ordinary Shares's Shariah verdict?

Tungray Technologies Inc Class A Ordinary Shares'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 Tungray Technologies Inc Class A Ordinary Shares re-screened for Shariah compliance?

Tungray Technologies Inc Class A Ordinary Shares (TRSG) 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: Aug 26, 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.