Is Ten-League International (TLIH) stock Halal?
Ten-League International Holdings Ltd. (TLIH) is not Shariah compliant in the September 2026 AAOIFI screening: it fails the interest-bearing investments and interest-bearing debt screens. Tabadulat re-screens TLIH monthly, and a stock can return to compliance when new financial reports change its ratios.
Ten-League International is a Singapore-based company specializing in turnkey project solutions within the industrial and infrastructure sectors. The company delivers its services through wholly-owned subsidiaries, structuring equipment offerings into four main categories: foundation equipment, hoisting machinery, excavation equipment, and port machinery. Ten-League International Holdings distinguishes itself with over two decades of operational history, integrating equipment sales, rentals, and technical expertise to address complex project needs across Singapore and international markets. Before any of that matters to a Muslim investor, one question comes first: is Ten-League International stock Halal?
Is Ten-League International Shariah compliant?
Industrial businesses like Ten-League International usually pass the activity screen without drama. The harder test is financial: heavy assets mean heavy financing, and AAOIFI Shariah Standard No. 21 tolerates interest bearing debt and investments only below 30% of market capitalisation, ratios that shift with every move in the share price.
Does Ten-League International pass the business activity test?
The activity screen is only part of the picture this month: Ten-League International currently fails the interest-bearing investments and interest-bearing debt screens, so the overall verdict is not compliant regardless of the business itself. The activity itself raises no Shariah objection; the scrutiny belongs to the financing.
Is Ten-League International's income Halal?
Yes, within AAOIFI's tolerance. Ten-League International's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Ten-League International meet AAOIFI's debt and investment ratio requirements?
No. Both ratios currently breach the 30% caps: interest bearing investments and interest bearing debt each exceed the limit AAOIFI permits for a Halal investment. The ratios move with the share price as well as the balance sheet, and our Shariah Supervisory Board has TLIH re-screened every month.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?



