TruGolf Holdings, Inc. (TRUG) - Questionable
TruGolf Holdings, Inc. (TRUG) is classified as Questionable 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
- Communication Services
- Industry
- Electronic Gaming & Multimedia
- Result
- Doubtful
- Reason
- This company requires further review: the industry "Electronic Gaming & Multimedia" has mixed revenue streams that require further analysis. The sector "Communication Services" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 4.4% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 7.3% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 1.4% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.41%.Based on the company's financial statements, approximately 1.41% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.41% of total income). Some scholars may differ on the exact calculation method.
About TruGolf Holdings, Inc.
TruGolf Holdings, Inc., through its subsidiary, engages in the design, development, manufacture, and sale of golf simulators for residential and commercial applications in the United States. The company offers portable, professional, commercial, and custom simulators. It also provides E6 Connect and E6 Apex software, as well as other gaming software. In addition, the company offers multi-sport gaming applications. TruGolf Holdings, Inc. was founded in 1982 and is headquartered in Centerville, Utah.
Frequently Asked Questions
Is TruGolf Holdings, Inc. (TRUG) stock halal to invest in?
According to AAOIFI Shariah screening standards, TruGolf Holdings, Inc. (TRUG) is currently classified as Questionable. This is based on both business activity and financial ratio screening.
Does TruGolf Holdings, Inc. have any interest income?
TruGolf Holdings, Inc.'s interest income ratio is 7.3% of total revenue. AAOIFI standards require this to be below 30%.

