Titan Logix Corp

TLA.V

Not Compliant
Exchange
Sector
Headquarters
Group
TSX
Industrials
Canada
Micro cap

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

6.61%

Impure Income*

-

Purification*

-

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
42.68%
-6.74%
7.96%
14.49
16.37
0.00%

Shariah Compliance

  • Updated on April 14, 2025
Debt
3.46%
✓
Non-Compliant Assets
11.01%
✓
Impure Income
6.61%
✗

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
4.19%
✓
Impure Income
6.61%
✗

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
4.01%
✓
Impure Income
6.61%
✗

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
3.68%
✓
Cash
58.29%
✗
Cash & AR
66.66%
✗
Impure Income
6.61%
✗

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
3.68%
✓
Cash
58.29%
✗
Cash & AR
66.66%
✗
Impure Income
6.61%
✗

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
6.61%

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

Titan Logix Corp. is a technology company. The Company specializes in mobile liquid measurement solutions. It has designed and manufactured mobile liquid measurement solutions to enable businesses to reduce risk and maximize efficiencies in bulk liquid transportation. The Company’s solutions are designed for hazardous and non-hazardous applications, and serve customers in a range of applications, including petroleum, environmental solutions, chemicals, and agriculture. It serves the petroleum, chemical, and water markets with the TD100 series products (transmitter, probe and display), offering fleet operators accurate level measurement, reliable overfill protection, and a variety of automation, integration, and control capabilities for their tanker truck operations. It delivers its mobile tanker solutions to the market through partnerships with original equipment manufacturers (OEMs), dealers, and private fleets across Canada, the United States, and Mexico.

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