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

Tungray Technologies Inc Class A Ordinary Shares (TRSG) 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%. TRSG's debt-to-market-cap is 15.3%.

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

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 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 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.

TRSGNot HalalF

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Compliance Status

Not Halal

Screened on Oct 8, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Tungray Technologies Inc Class A Ordinary Shares (TRSG) halal? Not Halal. Based on AAOIFI screening, Tungray Technologies Inc Class A Ordinary Shares passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Tungray Technologies Inc Class A Ordinary Shares (TRSG) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/TRSG

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Within the limit

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

15.3% 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 TRSG

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

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

Tungray Technologies Inc Class A Ordinary Shares

NASDAQIndustrialsSG

$1.15

Market Cap: 18.8M

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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 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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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 Halalnow
since Sep 2026
Doubtful
until the change above

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 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 Tungray Technologies Inc Class A Ordinary Shares get a F compliance rating?

Tungray Technologies Inc Class A Ordinary Shares (TRSG) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 15.3% (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: 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.