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HALAL TRADING ROOM Sharia-screened signals
TERMINAL
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TROAX.STStockTroax Group AB (publ)

Nasdaq Stockholm · Industrials · SE

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Sharia status
COMPLIANT
Per In-house ratio engine · assessed 2026-08-27
4 of 7 pass our own screen — the standards disagree
HTR non-permissible income 0.06%
🕌Open research, not a fatwa — verify with your own scholar.

Trade setup

Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.

SEPARATE FROM SHARIAH
No active setup right now. The technical picture doesn't show a clear edge — check back when the trend or momentum shifts.

Troax Group AB (publ) (TROAX.ST) is currently considered halal (Sharia-compliant), per In-house ratio engine (last assessed 2026-08-27). See the full ratio breakdown and business-activity screen below for the reasoning.

This sits among 663 compliant Industrials stocks we track. See compliant Industrials stocks →

0.06%
Non-permissible income — HTR, from filings (2025-12-31)

🕌 In-house Compliance Research

Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2025-12-31. TROAX.ST files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.

Business activity: cleared (no excluded categories detected)

AAOIFI Pass

RatioValueThresholdResult
Interest-bearing debt 22.12% 30.00% Pass
Interest-bearing investments 5.12% 30.00% Pass
Non-permissible income 0.06% 5.00% Pass

Usmani Fail

RatioValueThresholdResult
Interest-bearing debt 43.01% 33.00% Fail
Interest-bearing investments 9.96% 33.00% Pass
Non-liquid assets 78.52% at least 20.00% Pass
Non-permissible income 0.06% 5.00% Pass

MSCI Fail

RatioValueThresholdResult
Interest-bearing debt 43.01% 33.33% Fail
Cash + interest-bearing securities 9.96% 33.33% Pass
Accounts receivable 21.48% 33.33% Pass
Non-permissible income 0.06% 5.00% Pass

FTSE Fail

RatioValueThresholdResult
Interest-bearing debt 43.01% 33.33% Fail
Cash + interest-bearing securities 9.96% 33.33% Pass
Accounts receivable 21.48% 50.00% Pass
Non-permissible income 0.06% 5.00% Pass

Dow Jones Islamic Market Pass

Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 21.75% 33.00% Pass
Cash + interest-bearing securities 5.04% 33.00% Pass
Accounts receivable 5.82% 33.00% Pass
Non-permissible income 0.06% 5.00% Pass

S&P Shariah Pass

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 18.99% 33.00% Pass
Cash + interest-bearing securities 4.40% 49.00% Pass
Accounts receivable 5.09% 49.00% Pass
Non-permissible income 0.06% 5.00% Pass

MSCI M-Series Pass

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 18.99% 33.33% Pass
Cash + interest-bearing securities 4.40% 33.33% Pass
Accounts receivable 9.49% 49.00% Pass
Non-permissible income 0.06% 5.00% Pass

Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.

How close is it to flipping?

Every current reading against its own line, closest first. A verdict is only as durable as that distance.

AAOIFI Standard 21 (% of market cap)non permissible income ratio 4.9pts
Usmani (% of total assets)non permissible income ratio 4.9pts
Dow Jones Islamic Market (% of 24-mo avg market cap)non permissible income ratio 4.9pts
Usmani (% of total assets)debt ratio 10.0pts
MSCI Islamic Index (% of total assets)debt ratio 9.7pts
FTSE Shariah Global Equity Index Series (% of total assets)debt ratio 9.7pts

The numbers the ratios are built from

Read from TROAX.ST's own filings. Every percentage on this page is one of these lines divided by another, so the inputs are shown rather than asserted.

LineFigureAs reportedRead from
RevenueTotal revenue for the period $308.4M 2025-12-31 —
Interest-bearing debtBorrowings — which definition was stored is not recorded $201.6M 2025-12-31 —
Cash and interest-bearing securitiesCash, equivalents and marketable securities $46.7M 2025-12-31 —
Total assetsBalance sheet total $468.8M 2025-12-31 —
Market capDenominator for AAOIFI $911.5M live quote price x shares
36-month average market capDenominator for S&P Shariah and MSCI M-Series not measured — —
24-month average market capDenominator for Dow Jones Islamic Market not measured — —
Non-permissible revenueInterest and excluded income $199.8K 2025-12-31 —

Two dates, not one: a balance-sheet line and an income-statement line cover different windows by design, so each figure carries its own.

What changed, and when

Verdict history for TROAX.ST. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.

  • 2026-09-07 No change recorded No verdict change for TROAX.ST has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.

ℹ️ no compliance scan has run for 2 days - this is not a reading of today

158.20141.58124.95108.3391.712025-10-062026-04-082026-10-02

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Support & Resistance
S3
131.80
S2
138.40
S1
143.00
PIVOT
149.60
R1
154.20
R2
160.80
R3
165.40

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

Price Forecast

The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.

7-day expected range
132.99 – 151.81
±6.61% from 142.40, made 2026-09-02 · resolves 2026-09-09
STRONG BUY
from 19 indicators
61.5% of our last 5668 forecasts landed inside their stated range, and 49.8% called the direction correctly.

Technical Summary

Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.

NEUTRAL
19 indicators
OscillatorsSTRONG SELL
1 buy · 3 neutral · 3 sell
Moving averagesBUY
7 buy · 0 neutral · 5 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)49.30NEUTRAL
Stochastic %K (14)32.91NEUTRAL
CCI (20)-138.55BUY
Williams %R (14)-67.09NEUTRAL
MACD (12,26,9)-1.17SELL
ROC (10)-1.44SELL
Momentum (10)-2.20SELL
EMA (10)152.49SELL
SMA (10)153.98SELL
EMA (20)151.91SELL
SMA (20)153.41SELL
EMA (30)149.99BUY
SMA (30)151.24SELL
EMA (50)145.06BUY
SMA (50)147.06BUY
EMA (100)135.87BUY
SMA (100)129.45BUY
EMA (200)131.80BUY
SMA (200)122.79BUY

SMC — Top Down

Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.

No intraday or daily bars are on file for this listing, so there is no structure to read. That is a gap in our bar coverage, not a reading of the chart.

Before you act on this

The questions worth asking about any verdict on this page, answered plainly.

Is this a fatwa?

No. HTR applies published screening standards to a company's own filings and shows the result under each one. It is research, not a religious ruling. For a ruling that applies to you, ask a qualified scholar.

Why can the standards disagree?

Because they measure different things. Some divide interest-bearing debt by market cap, others by total assets, and the thresholds differ too. The same filing can clear one line and cross another. HTR shows every verdict rather than averaging them into one label.

How often is this re-screened?

Ratios are recomputed when a new filing lands, and the whole watchlist is re-screened on a rolling basis. The date on the verdict above is the last time this symbol was actually recomputed, not the last time the page was built.

Do I need to purify dividends?

If a company earns some non-permissible income, many scholars hold that the same share of any dividend should be given away. The non-permissible income figure above is the number that calculation starts from — the purification calculator finishes it, showing the filing figures behind the ratio and both the proportional and the AAOIFI per-share convention.

Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.

Compare with

Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.

Peer screening computing — it will appear here on its own.

AI Summary

Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.