Is Tecnoglass Inc. (TGLS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 8.9% / 30% | 5.4% / 30% | 14.3% / 30% | 0.81% / 5% | ✓ HALAL |
| DJIM | 8.9% / 33% | 5.4% / 33% | 14.3% / 33% | 0.81% / 5% | ✓ HALAL |
| MSCI | 13.6% / 33% | 8.3% / 33% | 22.0% / 33% | 0.81% / 5% | ✓ HALAL |
| S&P | 8.9% / 33% | 5.4% / 33% | 14.3% / 33% | 0.81% / 5% | ✓ HALAL |
| FTSE | 13.6% / 33% | 8.3% / 33% | 22.0% / 50% | 0.81% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 42.8% | |
| Operating Margin | 17.7% | |
| Net Margin | 16.2% | |
| Return on Equity (ROE) | 23.7% | |
| Return on Assets (ROA) | 12.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $136M |
| Free Cash Flow | $34M |
| Total Debt | $172M |
| Debt-to-Equity | 24.1 |
| Current Ratio | 1.9 |
| Total Assets | $1.3B |
Price & Trading
| Last Close | $42.23 |
| 50-Day MA | $47.82 |
| 200-Day MA | $60.44 |
| Avg Volume | 430K |
| Beta | 1.6 |
|
52-Week Range
$39.53
| |
About Tecnoglass Inc. (TGLS)
Tecnoglass Inc. manufactures, supplies, and installs architectural glass, windows, and aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products. It also provides aluminum products, including bars, plates, profiles, rods, and tubes that are used in the manufacture of architectural glass settings, such as windows, doors, spatial separators, and related products under the Alutions brand name. In addition, the company offers curtain wall/floating facades, stick facade systems, windows and doors, interior dividers and commercial display windows, and hurricane-proof windows; StormArmour, that are attachment for sliding doors, and other products, such as awnings, structures, and automatic doors; and other components of architectural systems. It markets and sells its products primarily under the Tecnoglass, ESWindows, Alutions, Energia Solar S.A, ES, ES Imagine Extraordinary, Eswindows, Tecnobend, Tecnoair, Tecnosmart, ECOMAX by ESWINDOWS, ESWINDOWS Interiors, ESW Windows and Walls, Solartec by Tecnoglass, Solar Windows, Componenti, ES Metals, and E-skin, Prestige by ESWINDOWS, Eli by ESWINDOWS, Alessia by ESWINDOWS, Elite Line by ESWindows, ULTRAVIEW by Tecnoglass, and MULTIMAX by ESWIDOWS brand names through internal and independent sales representatives, as well as directly to distributors. It serves developers, general contractors or installers for hotels, office buildings, shopping centers, airports, universities, hospitals, and multifamily and residential buildings. Tecnoglass Inc. was founded in 1983 and is based in Miami, Florida.
Purification Calculator
As a halal stock with 0.81% impermissible income, you need to purify your dividends.
Related Halal Stocks in Basic Materials
Frequently Asked Questions
Is Tecnoglass Inc. (TGLS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Tecnoglass Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Tecnoglass Inc.'s debt ratio?
Tecnoglass Inc.'s debt ratio is 8.9% 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 13.6%.
Does Tecnoglass Inc. require dividend purification?
Yes, Tecnoglass Inc. has an impermissible income ratio of 0.81%, which means 0.81% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Tecnoglass Inc.'s key financial metrics?
Tecnoglass Inc. has a market capitalization of $2.0B, trailing P/E ratio of 12.4, and revenue of $984M. The company maintains a gross margin of 42.8% and a net margin of 16.2%. Return on equity stands at 23.7%.
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.