Eddy Smart Home Solutions Ltd

EDY.V

Compliant
Exchange
Sector
Headquarters
Group
Canada
Micro cap

Eddy Smart Home Solutions Ltd is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

0.11%

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
42.89%
-84.41%
-96.49%
0.44
0.70
0.00%

Shariah Compliance

Debt
7.96%
Non-Compliant Assets
0.00%
Impure Income
0.11%

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
8.87%
Impure Income
0.11%

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
8.02%
Impure Income
0.11%

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
5.87%
Cash
4.39%
Cash & AR
21.66%
Impure Income
0.11%

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
5.87%
Cash
4.39%
Cash & AR
21.66%
Impure Income
0.11%

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
0.11%

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

Eddy Smart Home Solutions Ltd. is a provider and developer of residential and commercial smart water metering products and monitoring services, helping property owners protect, control, and conserve water usage by combining water-sensing devices with behavioral learning software. The Company’s products include Eddy IQ, Eddy Valve, Eddy Link, Eddy H2O, Eddy App, and Eddy Dashboard. Eddy H2O detects leaks and spills on the source-on floors, near equipment, or in hidden spaces like walls and elevator shafts. It also tracks temperature and humidity to warn of early risk conditions. Eddy Link is a valve and water meter controller that brings smart leak detection capabilities to existing plumbing systems of any size. Eddy IQ is a smart ultrasonic water meter with automatic shutoff utilizing LoRaWAN communication protocol to accurately measure flow, detect leaks, and bill customers for water consumption.

Ready to get started with halal investing? Open an Account Today!

Opening an account has never been easier! Please fill out the form here and an advisor will be in touch to walk you through the process!

Still have some further questions?