Softchoice Corp

SFTC.CA

Compliant
Exchange
Sector
Headquarters
Group
Toronto Stock Exchange
Technology
Canada
Small cap

Softchoice Corp is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

0.08%

Impure Income*

$0.003

Purification*

$0.029

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Small cap
BUY
$15.92
$14.23
$18.24
7
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-7.02%
11.4%
6.29%
0.79
0.79
-1100%

Shariah Compliance

  • Updated on September 12, 2024
Debt
23.63%
✓
Non-Compliant Assets
Impure Income
0.08%
✓

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
23.01%
✓
Impure Income
0.08%
✓

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
27.25%
✓
Impure Income
0.08%
✓

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
38.63%
✗
Cash
2.93%
✓
Cash & AR
52.1%
✗
Impure Income
0.08%
✓

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
38.63%
✗
Cash
2.93%
✓
Cash & AR
52.1%
✗
Impure Income
0.08%
✓

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
0.08%

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

Softchoice Corporation is a Canada-based software and cloud focused information technology (IT) solutions provider. The Company designs, procures, implements and manages complex multi-vendor IT solutions. Its solutions include Cloud and Data Center, Collaboration and Digital Workplace, IT Asset Management, Network, and Security. Its services include Cloud Migration Services, Cloud readiness review, Cloud Managed Services, Security technology review, and Digital Workplace Solutions. Its Cloud and Data Center solutions include cloud migration, adoption & management, data center modernization, and application modernization. Its IT Asset Management solutions include software asset management, hardware asset management, and IT planning and procurement. The Company’s Cloud Managed Services solutions include cloud lifecycle, cloud governance, cloud operations, and cloud optimization. The Company’s subsidiaries include Softchoice LP, Softchoice EmployeeCo Inc., and others.

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