Is TY halal?
Tri Continental Corporation
Not halal
Tri Continental Corporation did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NYSE
Price
34.6
Day
+0.35%
Market cap
$1.85B
Industry
Asset Management
Sector
Financial Services
What the company does
Tri-Continental Corporation is a closed-end fund dating to 1929 (not an operating company) holding large-cap US stocks and bonds, managed by Columbia Threadneedle. Returns come from portfolio gains and dividends.
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
Prohibited activity: Asset Management
Interest-bearing debt / market cap
limit 30%
—
No data
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $1.97B ÷ 36-month average market cap $1.66B = 118.7%
118.7%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $33.64M ÷ annual revenue $255.12M (2025) = 13.2%
13.2%
Fail
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. Today's market cap: $1.85B.
For information (AAOIFI 3/1 note): cash + receivables are 0.7% of total assets (2025-12-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
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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.