The Toro Company

TTC stock is Shariah-compliant

Dikuasakan oleh API Zoya

About The Toro Company (TTC)

The Toro Company designs, manufactures, markets, and sells professional and residential equipment worldwide. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment, rental and construction equipment, and snow and ice management equipment for professional users. The Residential segment provides walk power mowers, zero-turn riding mowers, snow throwers, and other home solution products for homeowners.

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Is The Toro Company (TTC) stock halal to invest in?
As of Sep 30, 2024, The Toro Company (TTC) stock is Shariah-compliant based on its business activities and financial ratios.
As of Sep 30, 2024, The Toro Company (TTC) stock is flagged as Shariah-compliant in terms of Shariah compliance. This means that while the company's operations do not definitively violate Islamic guidelines, there are certain aspects of The Toro Company's business that require careful consideration.
Does The Toro Company have any interest income?
Yes, The Toro Company does have interest income. According to the company's latest annual report for the fiscal year ending Oct 31, 2023, The Toro Company reported revenue of 4553200000 and interest income of 58700000. The interest income represents 1.27% of the combined total. It's worth noting that some companies may report additional interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
No, The Toro Company has not reported any interest income. According to the company's latest annual report for the fiscal year ending Oct 31, 2023, The Toro Company reported total revenue of 4553200000, with no separate interest income disclosed. However, it's worth noting that some companies may report interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
What guidelines are used to determine if The Toro Company stock is Shariah-compliant?
Kami menggunakan garis panduan yang ditetapkan oleh Organisasi Perakaunan dan Pengauditan untuk Institusi Kewangan Islam (AAOIFI) untuk menilai pematuhan Syariah. AAOIFI ialah organisasi antarabangsa terkemuka yang menetapkan piawaian untuk kewangan Islam. Garis panduan mereka membantu menentukan sama ada aktiviti perniagaan dan struktur kewangan syarikat sejajar dengan prinsip Islam. Piawaian ini dihormati secara meluas dalam industri kewangan Islam dan menyediakan rangka kerja yang konsisten untuk menilai pematuhan Syariah saham dan instrumen kewangan lain. Lembaga Syariah AAOIFI termasuk ulama terkenal seperti Sheikh Muhammad Taqi Usmani, Sheikh AbdulSattar Abu Ghuddah, dan Sheikh Abdullah AlManea.
How often is The Toro Company stock reviewed for Shariah compliance?
The Shariah compliance status of The Toro Company stock is reviewed on a regular basis, with a minimum frequency of once per quarter. However, if there are any significant changes or major developments in the company's operations that may impact its compliance, an immediate review will be conducted to ensure ongoing adherence to Shariah principles.
How can I stay updated on The Toro Company's compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within the Zoya app to receive notifications whenever there is a change in the Shariah compliance of TTC, or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate due to changes in a company's financial ratios or business activities.
Are dividends from The Toro Company stock considered halal?
Yes, dividends from TTC are considered halal. However, you may need to purify a portion of the dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of impermissible revenue for The Toro Company (TTC), check the Zoya app. For more details on the purification process, read our comprehensive guide.
No, dividends from TTC are not considered halal because the stock is currently not Shariah-compliant. When a stock is non-compliant, any dividends received from it are considered impermissible income and should be donated to charity as a form of purification. To learn more about the purification process and how to handle impermissible income, read our comprehensive guide.
Do I need to pay Zakat on my The Toro Company shares?
If you hold The Toro Company stock as an investment, through an Employee Stock Ownership Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on stocks can be complex and depends on various factors. To help make this easy, we've created a free Zakat calculation tool. For an even easier experience, use the Zoya mobile app, where you can link your brokerage account to automatically import holdings.

How to buy The Toro Company (TTC) stock on Zoya

  1. Daftar untuk mendapatkan akaun Zoya percuma
    Ia mudah untuk bermula. Anda boleh mendaftar untuk akaun terus di tapak web kami atau dengan memuat turun aplikasi Zoya untuk iOS atau Android.
  2. Pautkan akaun pembrokeran
    Zoya bekerjasama dengan broker terkemuka seperti Alpaca dan lain-lain untuk cara yang lancar untuk membeli dan mengurus saham melalui Zoya.
  3. Tentukan berapa banyak yang perlu dilaburkan
    Navigasi ke skrin carian dan taipkan nama stok ke dalam bar carian. Kemudian, klik butang beli dan masukkan jumlah yang anda ingin laburkan, sama ada dari segi dolar atau bilangan saham. Semak harga saham masa nyata dan anggaran kuantiti saham sebelum mengesahkan pelaburan anda.
  4. Urus portfolio anda di satu tempat
    Anda boleh mencari saham anda yang baru dibeli dalam portfolio Zoya anda bersama-sama pegangan anda yang lain. Dayakan makluman untuk dimaklumkan tentang sebarang perubahan dalam pematuhan Syariah portfolio anda.

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