High Liner Foods Inc

HLF.TO

Compliant
Exchange
Sector
Headquarters
Group
TSE
Consumer Non-Cyclicals
Canada
Small cap

High Liner Foods Inc is Shariah Compliant. It passes 2/5 Shariah standards we screen against.

-

Impure Income*

-

Purification*

$0.152

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Small cap
BUY
$15.06
$14.20
$16.20
4
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-3.08%
7.65%
6.27%
0.74
2.44
34.15%

Shariah Compliance

  • Updated on July 26, 2025
Debt
67.4%
✗
Non-Compliant Assets
10.06%
✓
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
79.63%
✗
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
81.69%
✗
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
29.57%
✓
Cash
0.34%
✓
Cash & AR
14.04%
✓
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
29.57%
✓
Cash
0.34%
✓
Cash & AR
14.04%
✓
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

High Liner Foods Incorporated is a Canada-based North American processor and marketer of value-added frozen seafood. It produces a range of products from breaded and battered items to seafood entrees, that are sold to North American food retailers and foodservice distributors. Its retail branded products are sold throughout the United States and Canada under the High Liner, Fisher Boy, Mirabel, Sea Cuisine, and Catch of the Day labels, and are available in grocery and club stores. It also sells branded products to restaurants and institutions under the High Liner, Mirabel, Icelandic Seafood and FPI labels. Its markets include acute care, casual dining, college & university, long term care, quick service restaurant and retirement. It is a supplier of private label value-added seafood products to North American food retailers and foodservice distributors. Its specialty products in United States and Canada include Atlantic Salmon, Fire Roasters, Pan Sear, Prepared Shrimp, and Upper Crust.

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