Is Sangoma Technologies Corp (SANG) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 36.3% / 30% | 8.7% / 30% | 11.0% / 30% | 0.1% / 5% | ✗ NOT HALAL |
| DJIM | 36.3% / 33% | 8.7% / 33% | 11.0% / 33% | 0.1% / 5% | ✗ NOT HALAL |
| MSCI | 16.2% / 33% | 3.9% / 33% | 4.9% / 33% | 0.1% / 5% | ✓ HALAL |
| S&P | 36.3% / 33% | 8.7% / 33% | 11.0% / 33% | 0.1% / 5% | ✗ NOT HALAL |
| FTSE | 16.2% / 33% | 3.9% / 33% | 4.9% / 50% | 0.1% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 70.6% | |
| Operating Margin | -3.3% | |
| Net Margin | -2.5% | |
| Return on Equity (ROE) | -2.2% | |
| Return on Assets (ROA) | -0.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $42M |
| Free Cash Flow | $33M |
| Total Debt | $56M |
| Debt-to-Equity | 18.1 |
| Current Ratio | 0.9 |
| Total Assets | $347M |
Price & Trading
| Last Close | $4.12 |
| 50-Day MA | $4.61 |
| 200-Day MA | $5.21 |
| Avg Volume | 4K |
| Beta | 1.0 |
|
52-Week Range
$3.99
| |
About Sangoma Technologies Corp (SANG)
Sangoma Technologies Corporation, together with its subsidiaries, develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally. The company offers communications platforms comprising pure cloud and hybrid unified communications as a service, and on-premises systems; retail and wholesale SIP trunking, as well as fax as a service; Sangoma TeamHub, a unified communications and collaboration platform for business productivity; Sangoma Meet, a multi-party video conferencing platform; and Sangoma CX, a cloud-native contact center suite that enables businesses to manage inbound interactions across multiple channels. It also provides productivity apps comprising appointment suite, call flow, curbside, phone monitor, send, and urgent notify; managed security services, such as antispam, web filtering, antivirus, botnet and domain reputation, app control and intrusion prevention system services, and managed firewall device; and network management solutions, including managed internet, VPN, and SD-WAN, as well as secure Wi-Fi access points. In addition, the company offers open-source software products, such as Asterisk, an open-source framework for building real-time and multi-protocol communications applications; FreePBX, a web-based open-source GUI for controlling and managing Asterisk; and PBXact, a commercial UC system. Further, it provides desktop and wireless phones, network connectivity hardware, wireless and wired headsets, accessories, analog and digital telephony cards, session border controllers, VoIP gateways, and interface boards. Sangoma Technologies Corporation is headquartered in Markham, Canada.
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Frequently Asked Questions
Is Sangoma Technologies Corp (SANG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Sangoma Technologies Corp 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 Sangoma Technologies Corp's debt ratio?
Sangoma Technologies Corp's debt ratio is 36.3% 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 16.2%.
What are Sangoma Technologies Corp's key financial metrics?
Sangoma Technologies Corp has a market capitalization of $133M, and revenue of $237M. The company maintains a gross margin of 70.6% and a net margin of -2.5%. Return on equity stands at -2.2%.
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.