
Is TTM Technologies (TTMI) stock Halal?
Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. TTM Technologies, Inc. (TTMI) does not meet the threshold for the non-permissible income screen as of September 2026, so it is not Shariah compliant.
TTM Technologies is a leading global provider of printed circuit boards (PCBs) and related electronic manufacturing solutions. Serving a diverse range of industries, TTM Technologies focuses on delivering high-quality, technologically advanced PCBs and solutions to sectors such as aerospace, defense, medical, industrial, networking, and automotive industries. These segments demand precision, reliability, and innovation, making the company's offerings integral to their operations. For Muslim investors, though, the most pressing question is simpler: is TTM Technologies a Halal investment?
Is TTM Technologies Shariah compliant?
Technology companies rarely fail AAOIFI screening on what they sell. Software, hardware and digital services are permissible business activities, so for a company like TTM Technologies the Shariah question moves to the balance sheet: how much of its market value sits in interest bearing debt, how much of its cash earns Riba in conventional deposits, and whether incidental income from impermissible sources creeps past 5% of revenue. These are exactly the ratios AAOIFI Shariah Standard No. 21 polices, and they move every month with the share price.
Does TTM Technologies pass the business activity test?
The activity screen is only part of the picture this month: TTM Technologies currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The watch item for technology names is incidental: cash returns and platform content can carry impermissible elements, which AAOIFI tolerates only below the thresholds.
Is TTM Technologies' income Halal?
No. TTM Technologies' 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 TTM Technologies meet AAOIFI's debt and investment ratio requirements?
Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has TTMI re-screened every month, and the result above always shows the latest verdict.
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