Wellfield Technologies Inc

WFLD.V

Not Compliant
Exchange
Sector
Headquarters
Group
Canadian Ventures Exchange
Technology
Canada
Micro cap

Wellfield Technologies Inc is not Shariah Compliant because of its involvement in Financial Transactions Processing, Reserve, and Clearinghouse Activities and related activities.

-

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
$0.00
$0.00
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-62.12%
-22.02%
-55.13%
0.00
0.13
0.00%

Shariah Compliance

  • Updated on September 24, 2025
Debt
100%
✗
Non-Compliant Assets
1.06%
✓
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
66.75%
✗
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
100%
✗
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
87.35%
✗
Cash
0.49%
✓
Cash & AR
0.54%
✓
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
87.35%
✗
Cash
0.49%
✓
Cash & AR
0.54%
✓
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

Wellfield Technologies Inc. is a Canada-based fintech company specialized in leveraging blockchain technology. The Company’s main offering provides non-custodial services for individuals and organizations to purchase and sell digital currencies, such as Bitcoin and Ether. The Company’s platform, Coinmama (Web and mobile app), provides seamless access to the cryptocurrency market for over 3.5 million registered users across 180 countries. It offers disruptive on-chain and Web3 secure and friendly self-custody solutions through Coinmama. The Company operates the Tradewind Markets platform to digitize and trade real-world assets, including its flagship VaultChain Gold and VaultChain Silver products. The Wellfield DeFi brand protocols include LiquiFy, sBTC, and XBC-DEX. The sBTC is backed by a Bitcoin ERC20 token that provides both a supply peg and price peg to Bitcoin. The XBC-DEX is a decentralized exchange that supports multiple blockchains, enabling cross-chain swaps of digital assets.

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