Canadian Halal Investor.

NASDAQ Shariah screener · October 2026

Is Trimble Inc. (TRMB) Halal?

PASS

Trimble Inc. · NASDAQ: TRMB · Technology

The short answer

Trimble passes all three Shariah gates: it provides positioning hardware, construction software, and transportation logistics software (no interest-based business), carries about $1.46B of interest-bearing debt (11.1% of its ~$13.19 billion market cap), and effectively earns no interest income.

Gate 1 — Business activity: PASS

Gate 1 — business activity: PASS. Trimble Inc., per its FY2025 Form 10-K Item 1 (year ended January 2, 2026, filed February 2026), is a technology solutions provider for foundational industries — building and civil/infrastructure construction, geospatial, natural resources, utilities, and transportation. It reports three segments: AECO (architects, engineers, construction and owners), Field Systems, and Transportation & Logistics (T&L).

Solutions combine positioning/GNSS hardware, 3D modeling and construction software, field-collaboration platforms, and transportation logistics software, sold increasingly as SaaS subscriptions under the Connect & Scale platform strategy (Trimble Connect, Trimble Transportation Cloud, the Transporeon marketplace). The company is not an interest-based lender and its filed business description contains no alcohol, gambling, pork, tobacco, weapons manufacturing, conventional banking or insurance, or adult entertainment segments. The business passes gate 1.

Gate 2 — Debt and cash: PASS

Gate 2 — interest-bearing debt: PASS (11.1%, ceiling 33%). Trimble's Q2 2026 Form 10-Q (quarter ended July 3, 2026, filed August 12, 2026) reports total interest-bearing debt of about $1,459.3 million — long-term debt of $1,442.9 million (senior notes of $1,400.0 million plus $50.0 million drawn on the December 2025 revolving credit facility, less $7.1 million unamortized discount/issuance) plus $16.4 million of short-term borrowings. The FY2025 Form 10-K reported $1,392.2 million of long-term debt at January 2, 2026.

Operating lease liabilities ($168.9 million total at the FY2025 year-end) are excluded — they are not interest-bearing debt. $1,459.3 million against a market capitalization of about $13.19 billion (Finnhub, October 2, 2026; $57.53 per share) is about 11.1% — under the 33% ceiling. Cash and cash equivalents of $214.4 million at July 3, 2026 are about 1.6% of market cap; no short-term investments or marketable securities sit on the balance sheet.

Gate 3 — Non-compliant income: PASS

Gate 3 — non-compliant income: PASS (effectively 0%, ceiling 5%). Trimble's filings do not separately disclose interest income — the income statement shows only interest expense, net ($74.4 million in FY2025; $20.9 million for Q2 2026).

Zoya's filing-derived data for Trimble lists interest income as $0 for the FY2025 annual report, so interest income is effectively 0% of FY2025 revenue of $3,587.3 million — under the 5% ceiling.

Key figures used

Frequently asked questions

What does Trimble do?

Trimble Inc. (NASDAQ: TRMB), founded in 1978 and headquartered in Westminster, Colorado, is a technology solutions provider for foundational industries: building and civil/infrastructure construction, geospatial, natural resources, utilities, and transportation. It reports three segments - AECO (architects, engineers, construction and owners), Field Systems, and Transportation & Logistics (T&L). Its solutions combine positioning/GNSS hardware, 3D modeling and construction software, field-collaboration platforms, and transportation logistics software, sold increasingly as SaaS subscriptions under its Connect & Scale platform strategy (Trimble Connect, Trimble Transportation Cloud, the Transporeon marketplace). FY2025 revenue (year ended January 2, 2026) was $3,587.3 million.

Is Trimble's business Shariah compliant?

Trimble provides positioning hardware, construction and geospatial software, and transportation logistics software - it is not an interest-based lender and its FY2025 Form 10-K Item 1 business description contains no alcohol, gambling, pork, tobacco, weapons manufacturing, conventional banking or insurance, or adult entertainment segments. Government surveying and mapping customers exist, but there is no weapons business. Assessed on the filed numbers, the business passes this screener's first gate.

How much interest-bearing debt does Trimble have?

Trimble's Q2 2026 Form 10-Q (quarter ended July 3, 2026, filed August 12, 2026) reports total interest-bearing debt of about $1,459.3 million: long-term debt of $1,442.9 million (senior notes of $1,400.0 million plus $50.0 million drawn on the 2025 revolving credit facility, less $7.1 million unamortized discount/issuance) plus $16.4 million of short-term borrowings. The FY2025 Form 10-K reported $1,392.2 million of long-term debt at January 2, 2026. Operating lease liabilities ($168.9 million total at FY2025 year-end) are excluded as they are not interest-bearing debt. $1,459.3 million against a market capitalization of about $13.19 billion (Finnhub, October 2, 2026; $57.53 per share) is about 11.1% - under the 33% ceiling. Cash and cash equivalents of $214.4 million at July 3, 2026 are about 1.6% of market cap; no short-term investments or marketable securities are on the balance sheet.

How much interest income does Trimble earn?

Trimble's filings do not separately disclose interest income - the income statement shows only interest expense, net ($74.4 million in FY2025; $20.9 million for Q2 2026). Zoya's filing-derived data for Trimble lists interest income as $0 for the FY2025 annual report, so interest income is effectively 0% of FY2025 revenue of $3,587.3 million - under the 5% non-compliant income ceiling.

What do third-party Shariah screeners say about Trimble?

Zoya publishes a TRMB page stating the stock is Shariah-compliant and therefore considered halal to invest in under AAOIFI guidelines, citing the FY2025 annual report (year ended January 2, 2026), revenue of $3,587.3 million, and interest income of $0. I could not verify a Musaffa rating page for TRMB or ShariaPortfolio coverage of TRMB from public sources. Third-party screeners apply different assumptions and update on different schedules, and their results can change when new financial statements are published - always check the latest screening before investing.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).