TRU

TransUnion

HARAM — SCREEN DOES NOT PASSstock

Is TRU Halal?

Credit-information core business and a 46.54% debt/assets screen.

What You Should Know

TransUnion's March 31, 2026 filing shows debt/assets 46.54%, liquidity/assets 6.09%, receivables plus cash/assets 14.77%, and disclosed interest income of 0.58% of quarterly revenue. Its core credit-reporting and scoring services support conventional lending decisions; the quantitative debt failure and qualitative activity concern remain material.

⚠️ Concerns

  • Core credit-reporting and scoring services facilitate conventional lending
  • Debt screen fails at 46.54% of assets
  • Activity revenue is not quantified

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
46.54%Above limit
Below 33.333% under FTSE Yasaar

5,607.4 / 12,047.3

Cash + interest-bearing securities / assets
6.09%Within limit
Below 33.333% under FTSE Yasaar

733.1 / 12,047.3

Receivables + cash / assets
14.77%Within limit
Below 50% under FTSE Yasaar

1,779.9 / 12,047.3

Non-compliant income / revenue
0.58%Within limit
No more than 5% under FTSE Yasaar

7.2 / 1,245.7

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Debt is 46.54% of total assets, above the examined 33.333% limit; liquidity is 6.09% and receivables plus cash are 14.77%.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Fails
Overall
Fails

Debt is 46.54% of total assets, above the examined 33.33% limit; liquidity and receivables-plus-cash remain below their limits. This is not an index-membership claim.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Fails
Overall
Fails

Debt is 46.54% of total assets, above the examined 33% limit, while identifiable liquidity is below 33%. This is a calculation against SAC ratios, not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Not calculated

A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.

Business-activity disclosure

TransUnion is a consumer and commercial credit-information, scoring and analytics provider. Its core services support conventional lending and credit decisions, creating a material qualitative riba concern.

Limitation: The filing does not provide a scholar-approved prohibited-revenue allocation for credit-reporting, scoring, insurance and adjacent data products.

Purification

The filing separately reports interest income at 0.58% of quarterly revenue, but ZakatInvest does not prescribe a fixed scholar-approved purification percentage and the core credit-information activity remains impermissible under the qualitative assessment.

Inputs, assumptions and primary sources
  • Debt combines $205.0 million of current long-term debt with $5,402.4 million of long-term debt.
  • Cash uses $732.5 million of cash and cash equivalents. The $0.6 million marketable-securities balance is included as an identifiable interest-bearing security proxy.
  • Trade accounts receivable are $1,047.4 million and quarterly revenue is $1,245.7 million.
  • The filing separately reports $7.2 million of interest income, or 0.58% of quarterly revenue; this is a disclosed income line, not a scholar-approved purification prescription.

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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