Innovotech Inc

IOT.V

Compliant
Exchange
Sector
Headquarters
Group
TSE
Healthcare
Canada
Micro cap

Innovotech Inc is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

0.28%

Impure Income*

$0.000

Purification*

$0.000

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
0
$0.00
$0.00
$0.00
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
268.88%
2.19%
10.24%
3.68
3.98
0.00%

Shariah Compliance

  • Updated on July 26, 2025
Debt
✓
Non-Compliant Assets
3.57%
✓
Impure Income
0.28%
✓

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
✓
Impure Income
0.28%
✓

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
✓
Impure Income
0.28%
✓

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
✓
Cash
39.36%
✗
Cash & AR
39.36%
✓
Impure Income
0.28%
✓

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
✓
Cash
39.36%
✗
Cash & AR
39.36%
✗
Impure Income
0.28%
✓

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
0.28%

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

Innovotech Inc. is a diversified Canadian technology company with business operations in a portfolio of specialized laboratory services, biotechnology businesses, and proprietary intellectual property. Innovotech Labs Corporation, a wholly owned subsidiary, is a contract research organization that owns and provides proprietary devices for antimicrobial testing in multiple applications and commercializes antimicrobial silver solutions. Its operating company, Keystone Labs Inc. is a lab serving the Canadian pharmaceutical industry and industrial markets. The Company has offerings in antimicrobial contract services and is the vendor for several global medical device companies. It owns a 60% interest in Noulife Sciences Inc., a company that owns intellectual property for linked antioxidant molecules commonly used in skin care and in the treatment of certain medical conditions. It also manufactures and sells several types of laboratory consumables. It manages several subsidiary companies.

Found the Stock You’re Looking For? Open an Account Today!

Opening an account has never been easier! Please fill out the form here and an advisor will be in touch to walk you through the process!

Still have some further questions?

Schedule a Free Consultation