Is BTQ Technologies Corp. (BTQ) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 2.1% / 30% | 0.1% / 30% | 2.68% / 5% | ✓ HALAL |
| DJIM | 0.0% / 33% | 2.1% / 33% | 0.1% / 33% | 2.68% / 5% | ✓ HALAL |
| MSCI | 0.0% / 33% | 95.9% / 33% | 2.3% / 33% | 2.68% / 5% | ✗ NOT HALAL |
| S&P | 0.0% / 33% | 2.1% / 33% | 0.1% / 33% | 2.68% / 5% | ✓ HALAL |
| FTSE | 0.0% / 33% | 95.9% / 33% | 2.3% / 50% | 2.68% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | -2315.5% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -77.7% | |
| Return on Assets (ROA) | -39.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$5M |
| Free Cash Flow | -$5M |
| Total Debt | $0 |
| Current Ratio | 20.5 |
| Total Assets | $10M |
Price & Trading
| Last Close | $2.35 |
| 50-Day MA | $3.23 |
| 200-Day MA | $5.67 |
| Avg Volume | 2.3M |
| Beta | -18.3 |
|
52-Week Range
$2.15
| |
About BTQ Technologies Corp. (BTQ)
BTQ Technologies Corp. engages in the development of computer-based technology related to post-quantum cryptography for applications in blockchain and related technologies in New York and Canada. Its products include PQScale is a scaling mechanism for lattice-based post-quantum signatures, leveraging zero-knowledge proofs to compress digital signatures to achieve speed and cost savings; Keelung is a user-friendly toolkit for developing zero-knowledge proofs, featuring a domain-specific language embedded in Haskell and a compiler; as well as Kenting specializes in hardware acceleration tailored for zero-knowledge computation applications; and Quantum Proof-of-Work QPoW is an energy-efficient, post-classical consensus algorithm that uses Noisy Intermediate Scale Quantum hardware to authorize blockchain transactions. In addition, the company provides QRiNG product is a toolkit for quantum random number generation; Preon paves the path to a future-proof, digitally secure post-quantum signature scheme; and QByte, a quantum risk calculator. The company has a strategic collaboration with Industrial Technology Research Institute to validate BTQ's Quantum Compute In Memory (QCIM) chip, which is designed to enable secure, scalable cryptographic computation for the post-quantum era. The company was incorporated in 1983 and is headquartered in Vancouver, Canada.
Purification Calculator
As a halal stock with 2.68% impermissible income, you need to purify your dividends.
Related Halal Stocks in Technology
Frequently Asked Questions
Is BTQ Technologies Corp. (BTQ) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), BTQ Technologies Corp. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is BTQ Technologies Corp.'s debt ratio?
BTQ Technologies Corp.'s debt ratio is 0.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 0.0%.
Does BTQ Technologies Corp. require dividend purification?
Yes, BTQ Technologies Corp. has an impermissible income ratio of 2.68%, which means 2.68% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are BTQ Technologies Corp.'s key financial metrics?
BTQ Technologies Corp. has a market capitalization of $301M, and revenue of $666,667. Return on equity stands at -77.7%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.