TrustBIX Inc

TBIX.V

Compliant
Exchange
Sector
Headquarters
Group
TSX
Technology
Canada
Micro cap

TrustBIX Inc is Shariah Compliant. It passes 2/5 Shariah standards we screen against.

0.05%

Impure Income*

$0.000

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
22.84%
-36.75%
-45.04%
0.16
0.18
0.00%

Shariah Compliance

  • Updated on April 14, 2025
Debt
21.52%
✓
Non-Compliant Assets
4.88%
✓
Impure Income
0.05%
✓

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
24.71%
✓
Impure Income
0.05%
✓

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
42.38%
✗
Impure Income
0.05%
✓

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
87.11%
✗
Cash
8.76%
✓
Cash & AR
25.5%
✓
Impure Income
0.05%
✓

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
87.11%
✗
Cash
8.76%
✓
Cash & AR
25.5%
✓
Impure Income
0.05%
✓

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
0.05%

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

TrustBIX Inc. is a technology company providing Gate to Plate solutions. The Company offers a range of services, including auditing and certification, chain of custody, sustainability reporting, and incentive programs to help the customers enhance their operations and meet the demand in the agri-food industry. It operates in three reportable segments: ViewTrak, the development and sale of information solutions for the livestock industry and related services; BIX, which leverages blockchain-derived technology and incentive solutions to deliver independent validation of food provenance and sustainable production practices within the agri-food supply chain, and AFS, which holds the Alberta territory license for a Controlled Environment Agriculture vertical indoor solution. ViewTrak technologies include Auction Master Pro and Electronic Pork Grader. BIX develops industrial IoT products and traceability solutions, and its technologies include BIX Location Services and BIX Location Services.

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