Spectra Products Inc

SSA.V

Compliant
Exchange
Sector
Headquarters
Group
TSE
Consumer Cyclicals
Canada
Micro Cap

Spectra Products Inc is Shariah Compliant. It passes 4/5 Shariah standards we screen against.

1.04%

Impure Income*

$0.000

Purification*

$0.003

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
$0.00
-14.61%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
0.00%
0.00%
6.26
7.17
0.00%

Shariah Compliance

  • Updated on June 4, 2026
Debt
7.53%
✓
Non-Compliant Assets
34.73%
✗
Impure Income
1.04%
✓

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
5.73%
✓
Impure Income
1.04%
✓

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
6.21%
✓
Impure Income
1.04%
✓

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
7.57%
✓
Cash
32.56%
✓
Cash & AR
32.56%
✓
Impure Income
1.04%
✓

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
7.57%
✓
Cash
32.56%
✓
Cash & AR
32.56%
✓
Impure Income
1.04%
✓

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
1.04%

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

Spectra Products Inc. is a Canada-based designer, manufacturer and distributor of wheel and safety products for the transportation industry. It operates in one market segment: bus and truck transportation safety equipment. It manufactures and markets brake and wheel-end monitoring equipment as an after-market product through transportation dealers, distributors and direct sales to fleet operators. Its products include Brake Safe, Zafety Lug Lock, Hub Alert, and the Termin-8R line of anti-corrosion and extreme pressure lubricants. Brake Safe is a visual indicator that permits vehicle drivers and maintenance to visually check the brake adjustment condition of a truck, trailer or bus equipped with an air brake system. Its Termin-8R product is an extreme-pressure lubricant, penetrant and protecting Electrical Vehicle charging ports and charging stations which are prone to corrosion. Zafety Lug Lock is a product that prevents wheel-end lug nuts from loosening to wheel damage or wheel loss.