Is DEFSEC Technologies Inc. (DFSC) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 28.1% / 30% | 143.9% / 30% | 32.2% / 30% | 1.66% / 5% | ✗ NOT HALAL |
| DJIM | 28.1% / 33% | 143.9% / 33% | 32.2% / 33% | 1.66% / 5% | ✗ NOT HALAL |
| MSCI | 10.1% / 33% | 51.7% / 33% | 11.6% / 33% | 1.66% / 5% | ✗ NOT HALAL |
| S&P | 28.1% / 33% | 143.9% / 33% | 32.2% / 33% | 1.66% / 5% | ✗ NOT HALAL |
| FTSE | 10.1% / 33% | 51.7% / 33% | 11.6% / 50% | 1.66% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 32.4% | |
| Operating Margin | -157.8% | |
| Net Margin | -153.9% | |
| Return on Equity (ROE) | -134.4% | |
| Return on Assets (ROA) | -53.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$8M |
| Free Cash Flow | -$8M |
| Total Debt | $1M |
| Debt-to-Equity | 17.9 |
| Current Ratio | 4.3 |
| Total Assets | $13M |
Price & Trading
| Last Close | $2.14 |
| 50-Day MA | $2.08 |
| 200-Day MA | $3.86 |
| Avg Volume | 154K |
| Beta | 0.7 |
|
52-Week Range
$0.22
| |
About DEFSEC Technologies Inc. (DFSC)
DEFSEC Technologies Inc. engages in the development and commercialization of tactical systems for security, and personal defense markets. The company offers DEFSEC Lightning, a military digitization technology; Less-Lethal Munitions Systems, including PARA SHOT, a next-generation less-lethal system and ARWEN, a 40mm munition and new marking cartridge; It also provides BMA-Ready Solutions, including TAK and ATAK, tactical digital fires, battlefield laser detection system, and phantom tactical multi-function electromagnetic spectrum operations system. DEFSEC Technologies Inc. was formerly known as KWESST Micro Systems Inc. and changed its name to DEFSEC Technologies Inc. in June 2025. DEFSEC Technologies Inc. was founded in 2017 and is headquartered in Ottawa, Canada.
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Frequently Asked Questions
Is DEFSEC Technologies Inc. (DFSC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), DEFSEC Technologies Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is DEFSEC Technologies Inc.'s debt ratio?
DEFSEC Technologies Inc.'s debt ratio is 28.1% 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 10.1%.
What are DEFSEC Technologies Inc.'s key financial metrics?
DEFSEC Technologies Inc. has a market capitalization of $4M, and revenue of $5M. The company maintains a gross margin of 32.4% and a net margin of -153.9%. Return on equity stands at -134.4%.
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.