Is TRBG halal?
TurboGen Ltd.
Doubtful
No clear verdict is possible for TurboGen Ltd. — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.
Checked: 15 October 2026
Exchange
NASDAQ
Price
3.41
Day
+4.92%
Market cap
$75.9M
Industry
Specialty Industrial Machinery
Sector
Industrials
What the company does
TurboGen (Israel, IPO 2026) makes micro-turbine systems for buildings (hotels, hospitals, residences) that produce electricity, heat and cooling together. Its money comes from system sales and installation.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $536K ÷ current market cap $75.90M = 0.7%
0.7%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $4.05M ÷ current market cap $75.90M = 5.3%
5.3%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2025-12-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Specialty Industrial Machinery — for comparison.
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- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.