Is Truxton Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Truxton Corp (TRUX) is currently classified as NOT HALAL as of April 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Truxton Corp a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Truxton Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Truxton Corp?

Muslim investors may consider investing in Truxton Corp if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Truxton Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Truxton Corp by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Truxton Corp updated?

The Shariah compliance status of Truxton Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Truxton Corp become non-compliant?

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.

Where can I check the Shariah status of Truxton Corp?

You can check the latest Shariah compliance status of Truxton Corp on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

TRUX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 23, 2024

Report Source: 2024 1st Quarter Report

Truxton Corp. Stock Analysis TRUX

United States Financials Micro Cap Report: Q1, 2024

Truxton Corp. is a bank holding company, which engages in the provision of private banking and business banking services. The company is headquartered in Nashville, Tennessee. The company went IPO on 2006-11-07. The firm operates, through its subsidiary, Truxton Trust Company (the Bank). The Bank provides a range of banking, investment management, and trust administration services to individuals, businesses, and charitable institutions. Its primary deposit products are demand, money market and certificates of deposit, and its primary lending products are residential and commercial real estate mortgages, commercial loans, and loans to individuals. Its loans portfolio segments include Commercial, Commercial Real Estate, Construction and Land Development, and Consumer. Commercial loans include loans for commercial, and agricultural purposes to business enterprises that are not secured by real estate. Commercial Real Estate loans provide commercial real estate mortgages (including those secured by multifamily properties). Residential Real Estate provides construction financing for small residential developers of single-family homes.

Key Statistics of Truxton Corp (TRUX)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$99.50$100.00

Today's Open

$99.50

Volume

300.00

P/E Ratio (TTM)

52 Week Range

$74.01$102.66

Market Cap

270.68M

Avg. Volume

740.00

Dividend Yield

Financial Metrics & Statements of Truxton Corp (TRUX)

FAQ's for Truxton Corp (TRUX)

According to Musaffa’s Shariah screening methodology, Truxton Corp (TRUX) is currently classified as NOT HALAL as of April 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.