Terago Inc

TGO.TO

Not Compliant
Exchange
Sector
Headquarters
Group
The Toronto Stock Exchange
Technology
Canada
Micro cap

Terago Inc is not Shariah Compliant because it fails the financial ratios.

0.25%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
HOLD
$1.158077591
$1.16
$1.16
1
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-3.54%
-24.66%
-50.72%
0.00
0.20
0.00%

Shariah Compliance

  • Updated on September 24, 2025
Debt
100%
✗
Non-Compliant Assets
1.15%
✓
Impure Income
0.25%
✓

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
0.25%
✓

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
0.25%
✓

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
91.59%
✗
Cash
3.42%
✓
Cash & AR
6.94%
✓
Impure Income
0.25%
✓

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
91.59%
✗
Cash
3.42%
✓
Cash & AR
6.94%
✓
Impure Income
0.25%
✓

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
0.25%

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

TERAGO Inc. is a Canada-based company, which provides managed network and security services to businesses across Canada, ensuring secure and redundant connectivity including private fifth generation (5G) wireless networks, fixed wireless access and fiber and cable wireline network connectivity. The Company (mmWave spectrum holder) possesses exclusive spectrum licenses in the 24 gigahertz (GHz) and 38 GHz spectrum bands, which it utilizes to provide secure and dedicated SLA guaranteed enterprise grade performance. The Company owns and controls a national multiprotocol label switching distribution network from Victoria to Montreal that aggregates customer voice and data traffic and interconnects, when necessary, with carrier diverse leased fiber optic facilities. It offers a range of diverse Ethernet-based services. It serves Canadian and Global businesses operating in markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg.

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