Unisync Corp

UNI.TO

Not Compliant
Exchange
Sector
Headquarters
Group
Canada
Micro Cap

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

-

Impure Income*

$0.802

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
$0.00
-2.04%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
5.85%
0.33%
0.30
1.23
0.00%

Shariah Compliance

Debt
100%
Non-Compliant Assets
Impure Income

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

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

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
56.24%
Cash
1.51%
Cash & AR
13.8%
Impure Income

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
56.24%
Cash
1.51%
Cash & AR
13.8%
Impure Income

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
-

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

Unisync Corp. is a premium provider of managed service uniform programs, renowned for its commitment to innovation, sustainability, and technology. The Company operates through two business units: Unisync Group Limited (UGL) with operations throughout Canada and the USA and 92% owned Peerless Garments LP (Peerless), a domestic manufacturing operation based in Winnipeg, Manitoba. UGL is a customer-focused provider of corporate apparel, serving Canadian and American brands. Peerless specializes in the production and distribution of highly technical protective garments, military operational clothing, and accessories for a range of federal, provincial and municipal government departments and agencies. Its product range includes Military and Tactical Clothing, Protective Clothing, and Outerwear. It also provides cold weather gear for the military, specialized protective clothing for law enforcement and security services, and renowned outerwear for various applications.

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