TAL
TAL Education Group
Is TAL Halal?
Chinese education — tutoring and academic education services.
What You Should Know
TAL provides after-school tutoring in China. Education is permissible. TAL's fiscal 2026 results report $5,936.289 million of assets, $3,239.325 million cash plus short-term investments and $3,008.908 million revenue. Education technology is generally permissible, but the asset-based liquidity screen is above examined limits and Chinese tutoring, AI-learning and curriculum regulation remain qualitative concerns.
⚠️ Concerns
- •Chinese regulatory risk
- •Education sector regulations
- •Liquidity/assets is 54.57% under the asset screen
- •AI-learning and investment products require end-use review
Current quantitative Sharia screen
Based on 20-F figures for the period ended 2026-02-28; calculated 2026-07-14.
0 / 5,936.289
3,239.325 / 5,936.289
1,523.879 / 5,936.289
62.03 / 3,008.908
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 54.57%, above the examined FTSE liquidity limit; debt/assets is 0.00%, receivables plus cash/assets is 25.67% and interest income/revenue is 2.06%.
- Financial
- Fails
- Overall
- Fails
Identifiable liquidity/assets is 54.57%, above the examined MSCI liquidity limit; the business screen also remains incomplete.
- Financial
- Fails
- Overall
- Fails
Conventional liquidity/assets is 54.57%, above the examined Malaysia SAC financial limit; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed average-market-cap series is not stored; the asset-based liquidity screen fails independently.
Business-activity disclosure
TAL provides smart-learning, tutoring and education technology services in China. Education is generally permissible, while curriculum content, AI-learning use, regulatory restrictions and investment activities require qualitative review.
Limitation: The annual disclosure does not isolate a scholar-approved prohibited-revenue numerator across all learning products and investments.
Purification
TAL discloses $62.030 million of net interest income, but ZakatInvest does not prescribe a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from TAL's fiscal year ended February 28, 2026 results and annual report.
- Cash and cash equivalents are $1,523.879 million and short-term investments are $1,715.446 million; restricted cash and long-term investments are excluded from the identifiable-securities input.
- No interest-bearing borrowings are shown in the reported balance sheet; operating lease liabilities are excluded from the debt input. The release does not present a separate accounts-receivable line.
- Fiscal 2026 net revenue is $3,008.908 million and net interest income is $62.030 million, approximately 2.06% of revenue. Education is generally permissible, but customer content and Chinese tutoring regulation remain qualitative topics.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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