TCX: Is Tucows Inc. Halal?
Tucows Inc.
$9.98
Market Cap: 111.3M
Compliance Status
Not Halal
Screened on Sep 25, 2026 · AAOIFI Standard 21
Non-Compliant
Is Tucows Inc. (TCX) halal? Not Halal. Based on AAOIFI screening, Tucows Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates Tucows Inc. (TCX) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 25, 2026. Source: https://halalscreener.app/en/stock/TCX
Business activity
What the company sells is permissible.
Company debt
Over the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
What this means for you
Most scholars advise not holding TCX
It does not pass AAOIFI Shariah screening.
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About Tucows Inc.
Tucows Inc. is an international technology company that delivers a broad spectrum of internet-related services, including network connectivity, domain name registration, email solutions, and mobile communication, serving customers across Canada, the United States, and Europe. Its operations are strategically structured into three distinct divisions: Fiber Internet Services, Mobile Services, and Domain Services. The Fiber Internet Services unit is dedicated to providing high-speed, fixed internet access to both individual consumers and small businesses, primarily channeled through its Ting platform. This segment also extends billing and operational support solutions to independent internet service providers. The Mobile Services division offers mobile devices and retail cellular communication, complemented by a suite of professional services that include system implementation, training, consulting, and bespoke software development. Additionally, it operates the Mobile Services Enabler platform, which facilitates crucial network access, service provisioning, and billing functions. The Domain Services segment specializes in both wholesale and retail domain name registration, enhanced by portfolio management and a variety of supplementary offerings for end-users. These value-added services encompass hosted email, internet security, web hosting, WHOIS privacy, and publishing tools, distributed under well-known brands such as OpenSRS, eNom, Ascio, and Hover. Founded in 1992, the enterprise was initially known as Infonautics, Inc., before undergoing a name change to Tucows Inc. in August 2001. The company maintains its corporate headquarters in Toronto, Canada.
Sector: Technology · Industry: Software - Infrastructure
Why this does not pass
- Interest-bearing debt is 167.4% of market cap, over the 30% AAOIFI limit.
- Interest-bearing deposits are over the 30% limit.
Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.
Shariah Compliance Status
See which ratio caused the failure.
See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.
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The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
Compliance History
Not Halal, unchanged since Aug 2026.
No status changes recorded since we began tracking.
Tracked since Aug 2026. Updates automatically on each re-screen.
Halal Alternatives in Technology
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.
Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.