What is Trane Technologies plc's Shariah compliance score?

Trane Technologies plc (TT) has a Shariah compliance score of 95/100 (Grade: A+, Excellent) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Trane Technologies plc pass AAOIFI screening?

Trane Technologies plc (TT) passes 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% (TT: 4.4%), (3) interest-bearing deposits below 30% (TT: 1.5%), and (4) prohibited income below 5% (TT: 0.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Trane Technologies plc stock?

Trane Technologies plc (TT) has a non-permissible income ratio of 0.07%. Muslim investors should purify this percentage of any dividends received and capital gains realized from TT shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Trane Technologies plc for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Trane Technologies plc (TT) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about TT's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

TT: Is Trane Technologies plc Halal?

Trane Technologies plc

NYSEIndustrialsIE

$469.98

-1.08%

Market Cap: 103.9B

Compliance Status

Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

A+

Excellent

95Score

Is Trane Technologies plc (TT) halal? Halal. Based on AAOIFI screening, Trane Technologies plc passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 95/100 (Grade: A+).

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%.

4.4% of 30.0% limit

What this means for you

You can own TT

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

Purify 0.1% of your income from TT

That is about $0.10 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Trane Technologies plc

Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, decarbonization programs, and gensets; dehumidifiers; energy and water efficiency programs; energy recovery ventilators and power solutions; energy storage; furnaces; home automation; humidifiers; HVAC performance-monitoring products; and indoor air quality assessments and related products for HVAC and transport solutions. The company also provides asset management, building management, bus air purification, bus and rail HVAC, container refrigeration, control, ductless, geothermal, data center and multi-pipe HVAC, package heating and cooling, rail refrigeration, residential air filtration, self and vehicle powered truck refrigeration, temporary heating and cooling, truck refrigeration, unitary, variable refrigerant flow, and trailer refrigeration systems. In addition, it offers industrial process refrigeration, installation contracting, lighting retrofit, medical grade refrigeration, refrigerant reclamation, renewable energy and storage, residential hybrid heating, telematics, thermostats/controls and associated digital, ventilation, and stationary cold storage solutions; packaged rooftop units; rate chambers; residential air filters; thermal energy storage; transport heater products; temperature freezers; energy infrastructure programs and management, repair and maintenance, smart and AI-enabled, and rental services; water source heat pumps; and aftermarket and OEM parts and supplies. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. The company was founded in 1885 and is headquartered in Swords, Ireland.

Sector: Industrials · Industry: Industrial - Machinery

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 2026

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: Q1 2026Data source: EDGAR

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Frequently Asked Questions

Is Trane Technologies plc (TT) halal to invest in?

Based on AAOIFI Standard 21 screening, Trane Technologies plc (TT) is rated Halal with a compliance grade of A+ (Excellent). 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 Trane Technologies plc get a A+ compliance rating?

Trane Technologies plc (TT) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 4.4% (limit 30%); interest-bearing deposits of 1.5% (limit 30%); prohibited income of 0.07% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Trane Technologies plc's Shariah verdict?

Trane Technologies plc'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 Trane Technologies plc re-screened for Shariah compliance?

Trane Technologies plc (TT) 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: Jul 17, 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.