TT
Trane Technologies plc
Is TT Halal?
Climate-control and HVAC technology is generally permissible; the latest record is incomplete.
What You Should Know
Trane Technologies' March 31, 2026 Form 10-Q reports 20.29% interest-bearing debt/assets, 4.72% cash/assets and 21.29% receivables-plus-cash/assets. Disclosed interest income was 4.6 million on 4,969.4 million of quarterly net revenue; downstream end uses and market-cap methods remain incomplete.
⚠️ Concerns
- •General-purpose climate equipment has varied downstream end uses
- •Debt/assets is below but not far from the examined limit
- •Interest income is disclosed without a fixed purification percentage
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
4,616 / 22,754.8
1,074.2 / 22,754.8
4,844.5 / 22,754.8
4.6 / 4,969.4
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 20.29%, cash/assets is 4.72%, receivables plus cash/assets is 21.29% and disclosed interest income/revenue is 0.09%; known ratios pass while business and market-cap records remain incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity, receivables-plus-cash and disclosed income ratios pass the examined MSCI total-assets limits; this is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Known financial ratios are below the examined SAC limits; this is a contextual calculation, not an official classification.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed reproducible market-cap history is not stored; a spot estimate is not substituted.
Business-activity disclosure
Trane Technologies provides HVAC, transport refrigeration and climate-control systems. These industrial efficiency technologies are generally permissible, while downstream end uses are not quantified into a school-specific prohibited-revenue numerator.
Limitation: The filing does not provide a reproducible market-cap denominator history or universal downstream end-use classification.
Purification
Interest income of 4.6 million is disclosed, but no fixed dividend purification percentage is prescribed; investors should seek qualified guidance.
Inputs, assumptions and primary sources
- Amounts are USD millions from Trane Technologies' March 31, 2026 Form 10-Q.
- Debt is short-term borrowings and current maturities of 693.1 plus long-term debt of 3,922.9; leases are excluded.
- Cash is 1,074.2 and accounts and notes receivable are 3,770.3.
- Quarterly net revenues are 4,969.4 and disclosed interest income is 4.6.
- The filing does not provide a universal prohibited-revenue taxonomy or reproducible market-cap history.
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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