What is Telesat Corporation's Shariah compliance score?

Telesat Corporation's (TSAT) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Telesat Corporation pass AAOIFI screening?

Telesat Corporation (TSAT) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (TSAT: 656.2%), (3) interest-bearing deposits below 30% (TSAT: 94.7%), and (4) prohibited income below 5% (TSAT: 6.3%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Telesat Corporation stock?

Telesat Corporation (TSAT) has a non-permissible income ratio of 6.26%. Muslim investors should purify this percentage of any dividends received and capital gains realized from TSAT shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Telesat Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Telesat Corporation (TSAT) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about TSAT's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

TSAT: Is Telesat Corporation Halal?

Telesat Corporation

NASDAQCommunication ServicesCA

$46.23

-1.39%

Market Cap: 683.7M

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Telesat Corporation (TSAT) halal? Not Halal. Based on AAOIFI screening, Telesat Corporation passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

656.2% of 30.0% limit

What this means for you

Most scholars advise not holding TSAT

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Telesat Corporation

Telesat Corporation stands as a leading satellite operator, dedicated to providing essential communication solutions to a diverse global clientele, encompassing broadcast, enterprise, and consulting sectors. Its advanced satellite infrastructure empowers direct-to-home (DTH) service providers to broadcast television programming, audio content, and information channels directly to residential customers. Additionally, it facilitates the transmission of programming for broadcasters, cable networks, and other DTH providers. Beyond core transmission, Telesat offers a comprehensive suite of value-added capabilities. These include crucial satellite capacity, digital encoding for video channels, authorization services, and both uplinking and downlinking operations. The company also furnishes on-demand services for broadcasting breaking news, major sports events, and live coverage. Telesat's extensive offerings extend to telecommunications carriers and network services integrators, providing both satellite capacity and end-to-end solutions. These encompass space segment services and ground facilities designed to support enterprise connectivity, internet and cellular backhaul, and rural telephony initiatives. The company further delivers broadband communication services tailored for the maritime and aeronautical industries, serving commercial aircraft and vessels. It also supplies satellite services to government entities, including the U.S. government (via service integrators) and the Canadian government, and directly provides broadband services to consumers. The corporation operates sophisticated satellite and hybrid satellite/terrestrial networks, and it develops specialized communication services for industries such as oil and gas, and mining. Furthermore, Telesat provides expert satellite operator services and offers consulting across a range of domains, including space and earth segments, government studies, satellite control, and research and development. Telesat primarily engages its clients through a dedicated direct sales force. As of December 31, 2021, its operational assets included a constellation of 14 in-orbit geostationary satellites and a Canadian payload integrated into the ViaSat-1 satellite. The company was established in 1969 and maintains its corporate headquarters in Ottawa, Canada.

Sector: Communication Services · Industry: Telecommunications Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Communication Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

WSHPA+

WeShop Holdings Limited Class A Ordinary Shares

$5.39

-5.11%

RDDTA+

Reddit, Inc.

$203.27

+1.16%

GSATA+

Globalstar, Inc.

$82.64

+0.18%

METAA+

Meta Platforms, Inc.

$646.01

+1.70%

CHTA+

Chunghwa Telecom Co., Ltd.

$41.44

-0.10%

More Communication Services Stocks

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Frequently Asked Questions

Is Telesat Corporation (TSAT) halal to invest in?

Telesat Corporation (TSAT) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Telesat Corporation get a F compliance rating?

Telesat Corporation (TSAT) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 656.2% (limit 30%); interest-bearing deposits of 94.7% (limit 30%); prohibited income of 6.26% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Telesat Corporation's Shariah verdict?

Telesat Corporation's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Telesat Corporation re-screened for Shariah compliance?

Telesat Corporation (TSAT) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 18, 2026.

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.