Is TCOM (Trip.com Group Limited) Halal or Haram?

Based on our AAOIFI-standard shariah screening, TCOM is Not Halal (Haram) and is not considered permissible for Muslim investors. It failed 2 of 4 compliance screens. Its debt-to-market-cap ratio of 92.07% exceeds the ≤33% threshold. Its cash & securities ratio of 230.42% exceeds the ≤33% threshold.

Trip.com Group Limited is a major global travel service provider operating primarily in China and internationally. The company offers a comprehensive suite of services including accommodation reservations, air and train ticketing, packaged tours, and corporate travel management. For Muslim investors utilizing HalalStocks.co.uk, Trip.com Group is currently classified as Not Halal. Although its primary business of travel booking is permissible, the company fails critical AAOIFI financial screens regarding debt and liquid assets, making it unsuitable for a shariah-compliant portfolio. The primary concern from an Islamic finance perspective is the company's aggressive capital structure. Trip.com carries a debt-to-market cap ratio of 92.1%, far exceeding the 33% AAOIFI threshold, alongside a massive cash and securities ratio of 230.4% that violates Islamic guidelines against trading highly liquid interest-bearing assets. While the company generates an acceptable level of interest income at 4.17% of revenue, the severe financial screen failures mean investors must avoid this stock. Halal investors should look for alternative travel sector companies with more conservative, equity-based balance sheets. Trip.com Group Limited operates in the Consumer Cyclical sector under the Travel Services industry and is headquartered in Singapore, SG. The company is led by CEO Jie Sun and employs approximately 41,073 people.

TCOM was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. TCOM passed 2 of these 4 screens.

TCOM was last screened on 2026-04-27. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.