Is TUCOWS INC /PA/ (TCX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 260.5% / 30% | 28.9% / 30% | 10.7% / 30% | 0.87% / 5% | ✗ NOT HALAL |
| DJIM | 260.5% / 33% | 28.9% / 33% | 10.7% / 33% | 0.87% / 5% | ✗ NOT HALAL |
| MSCI | 67.6% / 33% | 7.5% / 33% | 2.8% / 33% | 0.87% / 5% | ✗ NOT HALAL |
| S&P | 260.5% / 33% | 28.9% / 33% | 10.7% / 33% | 0.87% / 5% | ✗ NOT HALAL |
| FTSE | 67.6% / 33% | 7.5% / 33% | 2.8% / 50% | 0.87% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 35.2% | |
| Operating Margin | -8.4% | |
| Net Margin | -19.4% | |
| Return on Assets (ROA) | -1.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$6M |
| Free Cash Flow | -$23M |
| Total Debt | $545M |
| Current Ratio | 0.6 |
| Total Assets | $731M |
Price & Trading
| Last Close | $16.33 |
| 50-Day MA | $19.15 |
| 200-Day MA | $19.82 |
| Avg Volume | 27K |
| Beta | 1.0 |
|
52-Week Range
$13.27
| |
About TUCOWS INC /PA/ (TCX)
Tucows Inc. provides domain name registration, email, and other internet related services in North America and Europe. It operates through three segments: Ting, Wavelo, and Tucows Domains. The Ting segment provides gigabit fiber and fixed wireless internet services to consumer and business customers. The Wavelo segment offers full-service platforms and professional services that support communication services providers, including subscription and billing management, network orchestration and provisioning, and individual developer tools, as well as billing solutions to internet services providers under the Platypus brand. The Tucows Domains segment provides wholesale and retail domain name registration services under the OpenSRS, eNom, Ascio, EPAG, and Hover brands, as well as value added services, such as hosted email, internet security services, WHOIS privacy, and other value-added services. The company offers its services primarily through an internet-based distribution network of internet service providers, web hosting companies, and other providers of internet services to end-users. Tucows Inc. was founded in 1992 and is headquartered in Toronto, Canada.
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Frequently Asked Questions
Is TUCOWS INC /PA/ (TCX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), TUCOWS INC /PA/ 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 TUCOWS INC /PA/'s debt ratio?
TUCOWS INC /PA/'s debt ratio is 260.5% 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 67.6%.
What are TUCOWS INC /PA/'s key financial metrics?
TUCOWS INC /PA/ has a market capitalization of $179M, and revenue of $390M. The company maintains a gross margin of 35.2% and a net margin of -19.4%.
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.