First Hydrogen Corp

FHYD.V

Compliant
Exchange
Sector
Headquarters
Group
TSX
Consumer Cyclicals
Canada
Micro cap

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

0%

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
0.00%
0.00%
0.00%
0.50
0.59
0.00%

Shariah Compliance

  • Updated on April 14, 2025
Debt
15.68%
✓
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
3.1%
✓
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
5.11%
✓
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
100%
✗
Cash
1.89%
✓
Cash & AR
1.89%
✓
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
100%
✗
Cash
1.89%
✓
Cash & AR
1.89%
✓
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
0%

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

First Hydrogen Corp. is a Canada-based company focused on zero-emission vehicles, green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company has designed and built hydrogen-fuel-cell-powered light commercial vehicles (FCEV) under two agreements with AVL Powertrain and Ballard Power Systems Inc. The FCEV has a range of 630+ kilometers on a single refueling and are road-legal in the United Kingdom. The Company has launched its bespoke vehicle design phase, which develops its fleet of zero-emission vehicles. The Company is also developing a 35 megawatt (MW) green hydrogen production facility and vehicle assembly factory in Shawinigan, Quebec. The Company is also pursuing opportunities in green hydrogen production and distribution in the United Kingdom, the European Union and North America.

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