Is TRX GOLD Corp (TRX) Halal?
Shariah Screening — 5 Standards
Based on financial data from August 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.6% / 30% | 1.6% / 30% | 0.8% / 30% | 1.24% / 5% | ✓ HALAL |
| DJIM | 0.6% / 33% | 1.6% / 33% | 0.8% / 33% | 1.24% / 5% | ✓ HALAL |
| MSCI | 2.4% / 33% | 6.6% / 33% | 3.3% / 33% | 1.24% / 5% | ✓ HALAL |
| S&P | 0.6% / 33% | 1.6% / 33% | 0.8% / 33% | 1.24% / 5% | ✓ HALAL |
| FTSE | 2.4% / 33% | 6.6% / 33% | 3.3% / 50% | 1.24% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 53.2% | |
| Operating Margin | 27.0% | |
| Net Margin | -6.4% | |
| Return on Equity (ROE) | 5.5% | |
| Return on Assets (ROA) | 10.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $16M |
| Free Cash Flow | $3M |
| Total Debt | $3M |
| Current Ratio | 1.1 |
| Total Assets | $117M |
Price & Trading
| Last Close | $1.26 |
| 50-Day MA | $1.58 |
| 200-Day MA | $0.82 |
| Avg Volume | 7.3M |
| Beta | 0.8 |
|
52-Week Range
$0.27
| |
About TRX GOLD Corp (TRX)
TRX Gold Corporation engages in the exploration, development, and production of mineral property in Tanzania. Its flagship project is the Buckreef Gold Project in Tanzania. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022. The company was incorporated in 1990 and is based in Oakville, Canada.
Purification Calculator
As a halal stock with 1.24% impermissible income, you need to purify your dividends.
Related Halal Stocks in Basic Materials
Frequently Asked Questions
Is TRX GOLD Corp (TRX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), TRX GOLD Corp 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 TRX GOLD Corp's debt ratio?
TRX GOLD Corp's debt ratio is 0.6% 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 2.4%.
Does TRX GOLD Corp require dividend purification?
Yes, TRX GOLD Corp has an impermissible income ratio of 1.24%, which means 1.24% 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 TRX GOLD Corp's key financial metrics?
TRX GOLD Corp has a market capitalization of $430M, and revenue of $58M. The company maintains a gross margin of 53.2% and a net margin of -6.4%. Return on equity stands at 5.5%.
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.