TLXp – Torchlight Innovations Inc

Not Compliant

Torchlight Innovations Inc is not Shariah Compliant because of its involvement in Shell Companies and related activities.

Financials
Canada

Torchlight Innovations Inc. is a Canada-based capital pool company (CPC). The Company’s principal business is the identification, evaluation and acquisition of assets or businesses with a view to potential acquisition or participation by completing a qualifying transaction. The Company has not commenced commercial operations. The Company neither engaged in any operations nor generated any revenues.

AAOIFI ✗

Debt ÷ Market cap (MC)

✓

Non-Compliant Assets ÷ MC

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