Is Trip.com (TCOM) stock Halal?
Trip.com Group Ltd. (TCOM) is not Shariah compliant in the September 2026 AAOIFI screening: it fails the non-permissible income and interest-bearing investments screens. Tabadulat re-screens TCOM monthly, and a stock can return to compliance when new financial reports change its ratios.
Trip.com is an American Depositary Receipt that represents ownership in the Chinese-based travel service provider Trip.com Group Limited. This financial instrument allows U.S.-based investors to gain exposure to one of the leading online travel agencies in China without having to directly invest in foreign stock markets. Trip.com Group primarily focuses on providing comprehensive travel services, including hotel reservations, transportation ticketing, package tours, and corporate travel management. Before any of that matters to a Muslim investor, one question comes first: is Trip.com stock Halal?
Is Trip.com Shariah compliant?
Industrial businesses like Trip.com 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 Trip.com pass the business activity test?
The activity screen is only part of the picture this month: Trip.com currently fails the non-permissible income and interest-bearing investments 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 Trip.com's income Halal?
No. Trip.com's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does Trip.com meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing investments currently exceed the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.
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?



