Is Titan America SA (TTAM) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 15.5% / 30% | 0.4% / 30% | 4.3% / 30% | 0.09% / 5% | ✓ HALAL |
| DJIM | 15.5% / 33% | 0.4% / 33% | 4.3% / 33% | 0.09% / 5% | ✓ HALAL |
| MSCI | 29.4% / 33% | 0.8% / 33% | 8.2% / 33% | 0.09% / 5% | ✓ HALAL |
| S&P | 15.5% / 33% | 0.4% / 33% | 4.3% / 33% | 0.09% / 5% | ✓ HALAL |
| FTSE | 29.4% / 33% | 0.8% / 33% | 8.2% / 50% | 0.09% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 27.2% | |
| Operating Margin | 14.8% | |
| Net Margin | 11.1% | |
| Return on Equity (ROE) | 20.8% | |
| Return on Assets (ROA) | 9.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $248M |
| Free Cash Flow | $111M |
| Total Debt | $460M |
| Debt-to-Equity | 44.7 |
| Current Ratio | 3.0 |
| Total Assets | $1.6B |
Price & Trading
| Last Close | $14.94 |
| 50-Day MA | $17.16 |
| 200-Day MA | $15.64 |
| Avg Volume | 355K |
|
52-Week Range
$10.80
| |
About Titan America SA (TTAM)
Titan America SA, through its subsidiaries, manufactures and supplies heavy building materials and services in the United States. The company offers cement and cementitious materials, ready-mix concrete, aggregates, concrete blocks, fly ash, and other ancillary products. It also engages in trading, real estate holdings, insurance brokerage, and transportation brokerage activities. The company was founded in 1989 and is based in Brussels, Belgium. Titan America SA operates as a subsidiary of Titan Cement International S.A.
Purification Calculator
As a halal stock with 0.09% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Titan America SA (TTAM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Titan America SA 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 Titan America SA's debt ratio?
Titan America SA's debt ratio is 15.5% 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 29.4%.
Does Titan America SA require dividend purification?
Yes, Titan America SA has an impermissible income ratio of 0.09%, which means 0.09% 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 Titan America SA's key financial metrics?
Titan America SA has a market capitalization of $2.7B, trailing P/E ratio of 14.7, and revenue of $1.6B. The company maintains a gross margin of 27.2% and a net margin of 11.1%. Return on equity stands at 20.8%.
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.