Is Tantalus Systems Holding, Inc. GRID stock halal to invest in?

Yes, as of August 2026, Tantalus Systems Holding, Inc. stock (GRID) is 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. Tantalus Systems Holding, Inc. currently passes all four AAOIFI financial screens: non-permissible income remains below 5% of total revenue, interest-bearing investments and interest-bearing debt each remain below 30% of market capitalisation, and the company has no impermissible preference share structure. The stock's current purification factor is 99.05%. Compliance is reassessed every month as updated screening data arrives, and a stock's status can change when new financial reports are released. You can always check the current status of Tantalus Systems Holding, Inc. and explore other Shariah compliant stocks in the Tabadulat app.

How often is Tantalus Systems Holding, Inc. GRID reviewed for Shariah compliance?

Tabadulat reviews Tantalus Systems Holding, Inc. GRID 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screening ensures the status shown for Tantalus Systems Holding, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Tantalus Systems Holding, Inc. GRID pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Tantalus Systems Holding, Inc. stock (GRID) 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. Tantalus Systems Holding, 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 Tantalus Systems Holding, Inc. GRID pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Tantalus Systems Holding, Inc. stock (GRID) 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). Tantalus Systems Holding, 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 Tantalus Systems Holding, Inc. GRID pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Tantalus Systems Holding, Inc. stock (GRID) passes 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. This cap limits shareholders' exposure to interest-based leverage. Tantalus Systems Holding, Inc.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Tantalus Systems Holding, Inc. GRID stock?

As of August 2026, the dividend purification factor for Tantalus Systems Holding, Inc. (GRID) is 99.05%. Purification (tazkiyah) is the practice of donating to charity the portion of dividend income attributable to incidental non-permissible sources, typically interest earned on a company's cash, and AAOIFI methodology requires it even for fully compliant stocks. The purification factor is the figure halal investors use to work out that donation on Tantalus Systems Holding, Inc. dividends. It is recalculated with each monthly screening as new financial data arrives, and the Tabadulat app can help you calculate and track purification across your whole portfolio.

Does Tantalus Systems Holding, Inc. GRID pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Tantalus Systems Holding, Inc. stock (GRID) 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. Tantalus Systems Holding, 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

Tantalus Systems Holding, Inc.

TSX

Shariah-Compliant

Not Shariah

GRID

About

Tantalus Systems Holding, Inc.

GRID

Tantalus Systems Holding Inc. is a technology company specializing in smart grid solutions designed to help utilities modernize and digitize their electricity distribution grids. By harnessing real-time data from both legacy infrastructure and advanced two-way devices, the company empowers utilities to improve operational efficiency, reliability, and sustainability. Its product ecosystem includes advanced metering infrastructure, intelligent connected devices, industrial IoT networks, and a comprehensive grid modernization platform that offers edge computing, enterprise software applications, and data analytics. Tantalus’s solutions allow utilities to achieve greater visibility, command, and control across their operations—all while supporting integration with renewable energy resources, electric vehicles, and distributed energy assets. Through its flexible and interoperable systems, Tantalus serves utilities in North America and the Caribbean Basin, supporting the transformation from traditional one-way power systems to advanced, multi-directional smart grids that better serve communities and adapt to future energy needs. Founded in 1989 and headquartered in Burnaby, Canada, Tantalus is recognized for its customer-centric approach and long-term utility partnerships, reinforced by strong recurring revenue streams and continuous product innovation.

Sector:

Industrials

Industry:

Electrical Equipment & Parts

Employees:

134

Website:

https://tantalus.com

GRID

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Tantalus Systems Holding, Inc.

About

Tantalus Systems Holding, Inc.

GRID

Frequently asked questions

Is Tantalus Systems Holding, Inc. GRID stock halal to invest in?

How often is Tantalus Systems Holding, Inc. GRID reviewed for Shariah compliance?

Does Tantalus Systems Holding, Inc. GRID pass the AAOIFI Non Permissible Income criteria?

Does Tantalus Systems Holding, Inc. GRID pass the AAOIFI Interest Bearing Investments criteria?

Does Tantalus Systems Holding, Inc. GRID pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Tantalus Systems Holding, Inc. GRID stock?

Does Tantalus Systems Holding, Inc. GRID pass the AAOIFI Preference Share screen?

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