Is Treasure Global Inc. (TGL) Stock Halal or Haram?
Treasure Global Inc. (TGL) - Not Halal (Non-Compliant)
Treasure Global Inc. (TGL) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
Sector
Technology
Industry
Software - Application
Result
Pass
Reason
The sector "Technology" and industry "Software - Application" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 9.7% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio
Value: 506.3% | Threshold: 30% | Result: Fail
Non-Permissible Income Ratio
Value: 0.8% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.83%.Based on the company's financial statements, approximately 0.83% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.83% of total income). Some scholars may differ on the exact calculation method.
About Treasure Global Inc.
Treasure Global Inc. through its subsidiary, TADAA Technologies Sdn. Bhd., provides payment processing and e-commerce services. It provides an online-to-offline e-commerce platform that offers consumers and merchants instant rebates and affiliate cashback programs with e-payment solution and rebates in both e-commerce and physical retailers/merchant settings. The company also offers ZCITY App, a payment gateway platform. Treasure Global Inc. was incorporated in 2020 and is based in New York, New York.
Frequently Asked Questions
Is Treasure Global Inc. (TGL) stock halal to invest in?
According to AAOIFI Shariah screening standards, Treasure Global Inc. (TGL) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Treasure Global Inc. have any interest income?
Treasure Global Inc.'s interest income ratio is 506.3% of total revenue. AAOIFI standards require this to be below 30%.
Based on the company's financial statements, approximately 0.83% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.83% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About Treasure Global Inc.
Treasure Global Inc. through its subsidiary, TADAA Technologies Sdn. Bhd., provides payment processing and e-commerce services. It provides an online-to-offline e-commerce platform that offers consumers and merchants instant rebates and affiliate cashback programs with e-payment solution and rebates in both e-commerce and physical retailers/merchant settings. The company also offers ZCITY App, a payment gateway platform. Treasure Global Inc. was incorporated in 2020 and is based in New York, New York.
United StatesNASDAQTechnology
Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
No verdict changes recorded since first screened on Aug 19, 2026. We started recording changes on Oct 19, 2026.
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, Treasure Global Inc. (TGL) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Treasure Global Inc.'s interest income ratio is 506.3% of total revenue. AAOIFI standards require this to be below 30%.
TGL is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
Treasure Global Inc.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save TGL to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from Treasure Global Inc. require purification. Approximately 0.83% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
What guidelines are used to determine if TGL stock is Shariah-compliant?
TGL is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is Treasure Global Inc. stock reviewed for Shariah compliance?
Treasure Global Inc.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on Treasure Global Inc.'s compliance status?
You can save TGL to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from Treasure Global Inc. stock considered halal?
Dividends from Treasure Global Inc. require purification. Approximately 0.83% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my Treasure Global Inc. shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
