OneSoft Solutions Inc

OSS.CA

Compliant
Exchange
Sector
Headquarters
Group
Toronto Venture Exchange
Technology
Canada
Micro cap

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

1.82%

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
$0
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
24.35%
-23%
-19.79%
1.15
1.15
0%

Shariah Compliance

  • Updated on September 12, 2024
Debt
✓
Non-Compliant Assets
5.41%
✓
Impure Income
1.82%
✓

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
1.82%
✓

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
1.82%
✓

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
67.39%
✗
Cash & AR
74.77%
✗
Impure Income
1.82%
✓

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
67.39%
✗
Cash & AR
74.77%
✗
Impure Income
1.82%
✓

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
1.82%

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

OneSoft Solutions Inc. is a developer of cloud-based business solutions. It has developed software technology and products that have capability to transition legacy, on-premises licensed software applications to operate on the Microsoft Azure Cloud Platform. It is focused on incorporating data science and machine learning, business intelligence and predictive analytics to create subscription-based software-as-a-service (SaaS) solutions. Its SaaS solutions enable oil and gas pipeline companies to extract and unlock value from their unused and underused company data to improve decision making regarding pipeline integrity, safety, operational logistics and regulatory compliance matters. It conducts its operations through its subsidiaries: OneBridge Solutions Canada Inc. (OBS CA), OneBridge Solutions, Inc. (OBS USA) and OneCloudCo Limited. OBS USA offers software development services to OBS CA and performs sales and marketing activities for OBS CA in the United States and internationally.

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