Is TRI-CONTINENTAL Corp (TY) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 86.8% | |
| Net Margin | 372.7% | |
| Return on Equity (ROE) | 13.1% | |
| Return on Assets (ROA) | 1.9% |
Cash Flow & Balance Sheet
| Current Ratio | 6.6 |
| Total Assets | $1.9B |
Price & Trading
| Last Close | $31.34 |
| 50-Day MA | $32.73 |
| 200-Day MA | $33.08 |
| Avg Volume | 39K |
| Beta | 0.9 |
|
52-Week Range
$26.54
| |
About TRI-CONTINENTAL Corp (TY)
Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies. The fund benchmarks the performance of its portfolio against S&P 500 Index. Tri-Continental Corporation was formed in January 1929 and is domiciled in the United States.
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Frequently Asked Questions
Is TRI-CONTINENTAL Corp (TY) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), TRI-CONTINENTAL 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 TRI-CONTINENTAL Corp's debt ratio?
TRI-CONTINENTAL Corp's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are TRI-CONTINENTAL Corp's key financial metrics?
TRI-CONTINENTAL Corp has a market capitalization of $1.7B, trailing P/E ratio of 6.3, and revenue of $322M. The company maintains a gross margin of 100.0% and a net margin of 372.7%. Return on equity stands at 13.1%.
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.