Telesat Corp

TSAT.CA

Not Compliant
Exchange
Sector
Headquarters
Group
Toronto Stock Exchange
Technology
Canada
Small cap

Telesat Corp is not Shariah Compliant because it fails the financial ratios.

11.75%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Small cap
HOLD
$10
$10
$10
2
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-15.2%
153.5%
23.26%
6.13
6.13
-326.19%

Shariah Compliance

  • Updated on September 12, 2024
Debt
100%
✗
Non-Compliant Assets
2.07%
✓
Impure Income
11.75%
✗

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
100%
✗
Impure Income
11.75%
✗

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
100%
✗
Impure Income
11.75%
✗

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
46.87%
✗
Cash
0.42%
✓
Cash & AR
1.58%
✓
Impure Income
11.75%
✗

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
46.87%
✗
Cash
0.42%
✓
Cash & AR
1.58%
✓
Impure Income
11.75%
✗

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
11.75%

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

Telesat Corporation is a Canada-based global satellite operators. The Company provides mission-critical communications solutions support the requirements of sophisticated satellite users throughout the world. Its Broadcast services include Direct-to-home television, video distribution and contribution, and occasional use services. Its Enterprise service include telecommunication carrier and integrator, government, consumer broadband, resource, maritime and aeronautical, retail and satellite operator services. Its Consulting and other service include Consulting services related to space and earth segments, government studies, satellite control services, and research and development. It provides satellite services to customers from its fleet of 15 in-orbit geostationary satellites, as well as its Canadian payload on the ViaSat-1 satellite. The Company has developed constellations of low earth orbit (LEO) satellites and integrated terrestrial infrastructure, called Telesat Lightspeed.

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