Is TRANSALTA CORP (TAC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 120.8% / 30% | 8.9% / 30% | 17.0% / 30% | 1.55% / 5% | ✗ NOT HALAL |
| DJIM | 120.8% / 33% | 8.9% / 33% | 17.0% / 33% | 1.55% / 5% | ✗ NOT HALAL |
| MSCI | 48.0% / 33% | 3.5% / 33% | 6.8% / 33% | 1.55% / 5% | ✗ NOT HALAL |
| S&P | 120.8% / 33% | 8.9% / 33% | 17.0% / 33% | 1.55% / 5% | ✗ NOT HALAL |
| FTSE | 48.0% / 33% | 3.5% / 33% | 6.8% / 50% | 1.55% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 31.4% | |
| Operating Margin | 12.4% | |
| Net Margin | -5.7% | |
| Return on Equity (ROE) | -9.6% | |
| Return on Assets (ROA) | 1.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $646M |
| Free Cash Flow | $384M |
| Total Debt | $4.3B |
| Debt-to-Equity | 296.5 |
| Current Ratio | 0.7 |
| Total Assets | $8.7B |
Price & Trading
| Last Close | $12.94 |
| 50-Day MA | $12.96 |
| 200-Day MA | $13.23 |
| Avg Volume | 1.5M |
| Beta | 0.5 |
|
52-Week Range
$7.82
| |
About TRANSALTA CORP (TAC)
TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) located in Alberta and Canada. The Wind and Solar segment has a net ownership interest of approximately 2,587 MW located in Alberta, Canada, the Unites States, and Western Australia, as well as battery storage facilities. The Gas segment has a net ownership interest of approximately 4834 MW located in Alberta, Canada, the Unites States, and Western Australia. The Energy Transition segment has a net ownership interest of approximately 671 MW located in the United States, as well as operates the Skookumchuck hydro facility in Centralia. The Energy Marketing segment is involved in the trading of electricity, natural gas, and environmental products. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.
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Frequently Asked Questions
Is TRANSALTA CORP (TAC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), TRANSALTA CORP is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is TRANSALTA CORP's debt ratio?
TRANSALTA CORP's debt ratio is 120.8% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 48.0%.
What are TRANSALTA CORP's key financial metrics?
TRANSALTA CORP has a market capitalization of $3.8B, and revenue of $2.4B. The company maintains a gross margin of 31.4% and a net margin of -5.7%. Return on equity stands at -9.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.