Is Alithya Group, Inc. ALYA stock halal to invest in?

No, as of August 2026, Alithya Group, Inc. stock (ALYA) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Alithya Group, Inc. currently does not meet the threshold for the interest-bearing debt screen. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Alithya Group, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Alithya Group, Inc. ALYA reviewed for Shariah compliance?

Tabadulat reviews Alithya Group, Inc. ALYA for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Alithya Group, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Alithya Group, Inc. ALYA pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Alithya Group, Inc. stock (ALYA) passes the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Alithya Group, Inc.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Alithya Group, Inc. ALYA pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Alithya Group, Inc. stock (ALYA) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). Alithya Group, Inc.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Alithya Group, Inc. ALYA pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Alithya Group, Inc. stock (ALYA) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. Alithya Group, Inc.'s interest-bearing debt currently exceeds this 30% limit, meaning the company relies on riba-based financing beyond the level AAOIFI permits for a halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Alithya Group, Inc. ALYA stock?

Alithya Group, Inc. (ALYA) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If Alithya Group, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Alithya Group, Inc. ALYA pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Alithya Group, Inc. stock (ALYA) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Alithya Group, Inc. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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English

العربية

Alithya Group, Inc.

TSX

Shariah-Compliant

Not Shariah

ALYA

About

Alithya Group, Inc.

ALYA

Alithya Group Inc. is a prominent provider of digital strategy and transformation services. Specializing in consulting services, the company aids organizations in optimizing their processes and technological frameworks in a rapidly evolving digital landscape. Alithya focuses on key areas such as enterprise resource planning (ERP), customer relationship management (CRM), business intelligence, and analytics. The firm serves a diverse array of industries including manufacturing, financial services, healthcare, and energy, assisting clients in navigating the complexities of digital initiatives and solutions. Headquartered in Montreal, Canada, Alithya maintains a robust presence in North America and is recognized for its expertise in tailoring digital solutions that meet specific client needs. Its role in the financial market is crucial as businesses increasingly turn towards digital transformation to maintain competitiveness and improve operational efficiency. Alithya's services enable clients to strategically align their technological infrastructure with overall business objectives, ensuring agility and growth in a digital-first economy. The company's emphasis on innovation and adaptability positions it as an essential partner for enterprises seeking to enhance their digital capabilities and customer engagement strategies.

Sector:

Technology

Industry:

Information Technology Services

Employees:

2800

Website:

https://www.alithya.com

ALYA

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Alithya Group, Inc.

About

Alithya Group, Inc.

ALYA

Frequently asked questions

Is Alithya Group, Inc. ALYA stock halal to invest in?

How often is Alithya Group, Inc. ALYA reviewed for Shariah compliance?

Does Alithya Group, Inc. ALYA pass the AAOIFI Non Permissible Income criteria?

Does Alithya Group, Inc. ALYA pass the AAOIFI Interest Bearing Investments criteria?

Does Alithya Group, Inc. ALYA pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Alithya Group, Inc. ALYA stock?

Does Alithya Group, Inc. ALYA pass the AAOIFI Preference Share screen?

Can I buy Alithya (ALYA) stock on Tabadulat?

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