TSX Shariah screener · October 2026

Is Aimia Inc. (AIM) Halal?

FAIL

Aimia Inc. · TSX: AIM · Financials

The short answer

No — Aimia (AIM) fails this Shariah stock screen on the cash gate. Its holding-company business (100% Cortland International — synthetic fiber ropes/nets; 10.85% Clear Media — outdoor advertising) is permissible and debt is low, but cash of C$294.5M plus marketable securities of C$12.1M = C$306.6M at June 30, 2026 is about 131% of its C$233.54M market cap — far over the ~33% ceiling. No Zoya, Musaffa, or ShariaPortfolio rating was found for this ticker — honestly reported as absent, not invented.

Gate 1 — Business activity: PASS

Aimia Inc. (TSX:AIM) is a holding company: 100% of Cortland International (synthetic fiber ropes, nets, slings, and tethers — clean) and a 10.85% stake in Clear Media (outdoor advertising — clean). It sold Bozzetto on May 29, 2026 for C$270M net. No alcohol, pork, gambling, conventional interest-based lending, tobacco, cannabis, weapons, or adult-entertainment lines were disclosed. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Debt at June 30, 2026 was about C$144.7M (C$131.4M 9.75% Senior Notes plus other borrowings), but the Senior Notes were repaid on July 3, 2026 — proforma debt of about C$13.3M is about 5.7% of the C$233.54M market cap (C$2.62, October 1, 2026), well under the ~33% ceiling. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: FAIL (cash gate)

Cash of C$294.5M plus marketable securities of C$12.1M = C$306.6M at June 30, 2026 — about 131% of the C$233.54M market cap — far over the ~33% cash-and-securities ceiling. This gate fails, and it is decisive. Q2 2026 revenue was C$36.4M (Cortland); interest income was not separately disclosed, which is moot given the cash-gate failure. Facts only.

Key figures used

Cash + marketable securities: C$306.6M at Jun 30, 2026 (C$294.5M cash + C$12.1M securities) ≈ 131% of market cap — FAIL vs ~33%
Market cap: C$233.54M (C$2.62, Oct 1, 2026)
Debt: ~C$13.3M proforma (C$131.4M 9.75% Senior Notes repaid Jul 3, 2026) ≈ 5.7% of market cap — PASS
Q2 2026 revenue: C$36.4M (Cortland); interest income not separately disclosed — moot
Business: 100% Cortland International (ropes/nets) + 10.85% Clear Media (outdoor advertising); sold Bozzetto May 29, 2026 for C$270M net — no haram segments

Frequently asked questions

Is Aimia (AIM) halal?

No. Aimia fails this Shariah stock screen on the cash gate. Its holding-company business (100% Cortland International — synthetic fiber ropes/nets; 10.85% Clear Media — outdoor advertising) is permissible and debt is low, but cash of C$294.5M plus marketable securities of C$12.1M = C$306.6M at June 30, 2026 is about 131% of its C$233.54M market cap — far over the ~33% ceiling. This is a factual screen, not a religious ruling — consult a qualified scholar for personal guidance.

What is Aimia's cash-to-market-cap ratio?

About 131%. Cash of C$294.5M plus marketable securities of C$12.1M = C$306.6M at June 30, 2026, against a market cap of C$233.54M (C$2.62, October 1, 2026) — far over the ~33% ceiling.

What does Aimia do?

Aimia Inc. (TSX:AIM) is a holding company: 100% of Cortland International (synthetic fiber ropes, nets, slings, and tethers) and a 10.85% stake in Clear Media (outdoor advertising). It sold Bozzetto on May 29, 2026 for C$270M net.

What is Aimia's debt-to-market-cap ratio?

About 5.7% on a proforma basis. Debt at June 30, 2026 was about C$144.7M (C$131.4M 9.75% Senior Notes plus other borrowings), but the Senior Notes were repaid on July 3, 2026 — proforma debt of about C$13.3M is about 5.7% of the C$233.54M market cap, well under the ~33% ceiling.

Where can I find more financials stock screeners?

See halal-stock-verdicts.html for the full list of stock screeners, including the other financials-sector entries.

Sources

Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.