No. As of October 2026, Tekmar Group PLC (TGP.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Tekmar Group PLC does not pass Musaffa's business and financial screening criteria.
Tekmar Group Plc engages in the provision of protection systems for subsea cable, umbilical, and flexible pipes. The company is headquartered in Newton Aycliffe, Durham and currently employs 130 full-time employees. The company went IPO on 2018-06-20. The principal activity of the Company and its subsidiaries include design, manufacture and supply of subsea stability and protection technology, including associated subsea engineering services, operating across the global offshore energy markets, predominantly offshore wind. The firm collaborates with its partners to deliver sustainable engineering led solutions that enable energy transition. The firm's subsidiaries include Tekmar Limited, Tekmar Holdings Limited, Tekmar Energy Limited, Pipeshield International Limited, Pipeshield International Trading LLC, and others.
Tekmar Group PLC TGP.L
GBX11.75
Last Updated: Oct 13, 12:00 AM·LSE
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TGP.L Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Tekmar Group PLC is classified as not halal.
NOT HALAL
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FAQ's for Tekmar Group PLC (TGP.L)
As of October 2026, Tekmar Group PLC TGP.L is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Tekmar Group PLC using these criteria to determine its compliance status.
Muslim investors may consider investing in Tekmar Group PLC if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Tekmar Group PLC by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Tekmar Group PLC may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Tekmar Group PLC on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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