Zero Candida Technologies Inc

ZCT.V

Not Compliant
Exchange
Sector
Headquarters
Group
Canadian Ventures Exchange
Healthcare
Canada

Zero Candida Technologies Inc is not Shariah Compliant because it fails the financial ratios.

27.91%

Impure Income*

$0.000

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
#N/A%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth

Shariah Compliance

Debt
0.56%
Non-Compliant Assets
52.59%
Impure Income
27.91%

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
0.3%
Impure Income
27.91%

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
0.3%
Impure Income
27.91%

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
0.9%
Cash
7.64%
Cash & AR
14.14%
Impure Income
27.91%

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
0.9%
Cash
7.64%
Cash & AR
14.14%
Impure Income
27.91%

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
27.91%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Zero Candida Technologies Inc. is a technology company. The Company is focused on commercial exploitation of a number of patents and patent applications with respect to an artificial intelligence (AI) smart tampon-like device, designed to treat Candidiasis and transfer the medical information through Wi-Fi to the doctor. Its technology is a combination of a therapy light source with a selected wavelength and intensity and a transparent gel-based drug delivery system to maintain the optimum Ph level in the vagina. The device, when used overnight, demonstrated 99.9999% Candidiasis elimination in the vagina within 3 nights. The device is based on smart technology that distributes light and a sensor that gathers and conveys data. The technology and the sensor itself are both patented, and together they provide focused and precise treatment, supported by scientific data. The ZC Device is designed to be re-used, such that the user only needs to clean or replace the coating before each use.