Is TOSCANA AEROPORTI S.P.A. stock halal?
Questionable
Between 30% and one third of total assets: admitted at the one-third threshold, not at the 30% threshold.
This verdict follows the median view, that of AAOIFI Standard No. 21. It is based on the financial statements for the fiscal year ended 12/31/2025.
The ratios
| Criterion | Measure | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 30.2% of total assets | 30% | threshold exceeded |
| Interest-bearing investments | 9.1% of total assets | 30% | within threshold |
| Impermissible income | not published | 5% | to be verified |
Standard: Total assets, 30% threshold.
The three views
- Median view, our reference : the company is excluded.
- Strictest view : the company is excluded, because it borrows or invests at interest.
- Most lenient view : the company is admitted (Total assets, one-third threshold).
Business activity
Extrait vide de contenu : renvoie au rapport de gestion sans décrire l'activité
Financial statements read
Fiscal year ended 12/31/2025, in millions of euros. Source: Annual report of TOSCANA AEROPORTI S.P.A. (ESEF format), fiscal year ended 2025-12-31.
What could not be verified
- Market capitalization: missing from the filed financial statements, so the AAOIFI ratio is not computed; tolerance is assessed on total assets.
- Interest received: amount not isolated in the filed financial statements.
- Activity classified automatically from the "nature of activities" note of the annual report, without human review: to be confirmed.
- Figures read automatically and not reviewed by a human.
General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology