Kovo+Holdings Inc

KOVO.V

Not Compliant
Exchange
Sector
Headquarters
Group
TSX
Healthcare
Canada
Micro cap

Kovo+Holdings Inc is not Shariah Compliant because it fails the financial ratios.

11.88%

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
-12.81%
-31.79%
-46.77%
0.00
0.10
0.00%

Shariah Compliance

  • Updated on April 14, 2025
Debt
100%
✗
Non-Compliant Assets
3.5%
✓
Impure Income
11.88%
✗

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
11.88%
✗

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
11.88%
✗

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
3.24%
✓
Cash & AR
4.67%
✓
Impure Income
11.88%
✗

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
3.24%
✓
Cash & AR
4.67%
✓
Impure Income
11.88%
✗

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
11.88%

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

Kovo+ Holdings Inc., formerly Kovo HealthTech Corporation, is a Canada-based technology company. The Company leads an innovative charge in artificial intelligence initiatives to drive impact and innovation across diverse industries. The Company enables healthcare providers digitally track and manage complex patient care registration, services, billing, and payments seamlessly. It also provides single trusted platform, intended to help healthcare stakeholders make informed decisions around operational and clinical initiatives. It offers cycle management and billing services for numerous hospitals and physician specialties, including mental health and all management systems and software. The Company also offers insurance claims billing services. From physical therapy to hearing specialists and more, their Web-based software allows organizations to access practice reports anytime.

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