Tribe Property Technologies Inc

TRBE.V

Not Compliant
Exchange
Sector
Headquarters
Group
TSX
Real Estate
Canada
Micro cap

Tribe Property Technologies Inc is not Shariah Compliant because it fails the financial ratios.

0.03%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
BUY
$1.56
$1.56
$1.56
1
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
73.67%
-44.38%
-73.07%
0.00
0.44
0.00%

Shariah Compliance

Debt
100%
Non-Compliant Assets
0.54%
Impure Income
0.03%

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
68.57%
Impure Income
0.03%

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
0.03%

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
67.14%
Cash
5.89%
Cash & AR
13.49%
Impure Income
0.03%

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
67.14%
Cash
5.89%
Cash & AR
13.49%
Impure Income
0.03%

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
0.03%

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

Tribe Property Technologies Inc. is a property technology company. The Company offers technology-enabled property management services to meet the needs of developers, condominium and residential communities, owners, and residents. Through its technology platform, the Company provides access to records and documents, communication tools, online payment options, bookable amenities, and a ticketing system for residents to notify their developer or management of issues, warranty concerns and deficiencies. Its Software and services segment refers to the property management business associated with the Company’s community-living technology platform. Its Software licensing fees segment refers to the deficiency management software provided to developers and rental management software provided to landlords. The Company specializes in multi-residential rental property management. It also provides government contracts and project management services as well as commercial management services.

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