Is Tree Island Steel Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Tree Island Steel Ltd (TSL.TO) is currently classified as NOT HALAL as of February 2026. 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 Tree Island Steel Ltd 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 Tree Island Steel Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Tree Island Steel Ltd?

Muslim investors may consider investing in Tree Island Steel Ltd 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 Tree Island Steel Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Tree Island Steel Ltd 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 Tree Island Steel Ltd updated?

The Shariah compliance status of Tree Island Steel Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Tree Island Steel Ltd 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 Tree Island Steel Ltd?

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

TSL.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 03, 2026

Report Source: 2025 3rd Quarter Report

Analyst's Ratings for Tree Island Steel Ltd (TSL.TO)

Based on 7 analysts giving stock ratings to Tree Island Steel Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Tree Island Steel Ltd. Stock Analysis TSL.TO

Canada Materials Nano Cap Report: Q3, 2025

Tree Island Steel Ltd. engages in the manufacturing and supplying of steel wire and fabricated wire products. The company is headquartered in Richmond British Columbia, British Columbia and currently employs 300 full-time employees. The company went IPO on 2002-11-12. The Company, through its operating facilities in Canada and the United States, produces wire products for a diverse range of industrial, residential construction, commercial construction and agricultural applications. The Company’s products include galvanized wire, bright wire; an array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other fabricated wire products. The firm markets these products under the Tree Island, Halsteel, K-Lath, TI Wire, Tough Strandand and ToughPanel brand names.

Key Statistics of Tree Island Steel Ltd (TSL.TO)

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

Today's Range

CAD2.51CAD2.53

Today's Open

CAD2.53

Volume

300.00

P/E Ratio (TTM)

52 Week Range

CAD2.37CAD3.11

Market Cap

63.65M

Avg. Volume

2589.68

Dividend Yield

2.95%

Financial Metrics & Statements of Tree Island Steel Ltd (TSL.TO)

FAQ's for Tree Island Steel Ltd (TSL.TO)

According to Musaffa’s Shariah screening methodology, Tree Island Steel Ltd (TSL.TO) is currently classified as NOT HALAL as of February 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.