TSX Shariah screener · October 2026

Is D-BOX Technologies Inc. (DBO) Halal?

PASS

D-BOX Technologies Inc. · TSX: DBO · Technology

The short answer

D-BOX Technologies Inc. (TSX: DBO) is a PASS. The business gate passes: it designs, manufactures, and commercializes haptic motion systems (software plus electromechanical actuators) for movie theatres, sim racing, and simulation & training — with no prohibited segments (a casino relationship that appears in the FY2013 AIF is historical only; the current FY2026 AIF has zero mentions of casinos or gambling). The debt gate passes: total debt (bank indebtedness plus long-term debt, non-IFRS definition) was C$278k at June 30, 2026 — about 0.11% of the ~C$247.1M market cap (~C$1.10, October 1, 2026), well under the ~33% ceiling (the C$8M National Bank credit line was undrawn at December 31, 2025). The income gate passes: the Q3 FY2026 interim financial statements separately disclose interest income of C$238k for the nine-month period (extrapolated full-year ~C$300k, about 0.5% of FY2026 revenue of C$57.6M), well under the ~5% ceiling; net financial expenses were only C$10k for FY2026. Cash of C$17.8M is about 7.2% of market cap. No Zoya, Musaffa, or ShariaPortfolio coverage was found. This is a rules-based screen, not a religious ruling.

Gate 1 — Business activity: PASS

D-BOX designs, manufactures, and commercializes haptic motion systems for three core customer groups per the FY2026 AIF (June 2, 2026): theatrical (motion seats for movie theatres), sim racing (consumer entertainment hardware), and simulation & training. Q1 FY2027 (August 11, 2026) revenue was C$13.4M — theatrical C$3.7M, simulation and training C$1.8M, sim racing C$2.3M, record royalties C$5.0M, other C$0.6M; FY2026 revenue was C$57.6M. The company crossed 1,200 active screens. A business relationship with WMS Gaming (casino) appears in the FY2013 AIF, but the current FY2026 AIF contains zero mentions of “casino,” “gambling,” or “WMS” — it is historical only, with no current gambling revenue or relationship. Sim racing is entertainment hardware, not gambling. There are no alcohol, tobacco, cannabis, defense, conventional-lending/insurance, or pork segments. The business gate passes.

Gate 2 — Debt and cash: PASS

Total debt (bank indebtedness plus long-term debt, non-IFRS definition) was just C$278k at June 30, 2026 (C$323k at FY2026 year-end), and the C$8M National Bank credit line was undrawn at December 31, 2025. Against a market cap of ~C$247.1M (~C$1.10, October 1, 2026, TSX), that is about 0.11% — well under the ~33% ceiling. The company also offers vendor financing on finance-lease receivables (C$1.7M) to exhibitor partners deploying systems with lower upfront capital — equipment vendor financing, not a lending business. Cash and cash equivalents of C$17.8M at June 30, 2026 are about 7.2% of market cap. The debt and cash gates pass.

Gate 3 — Non-compliant income: PASS

The Q3 FY2026 interim financial statements (company filing) separately disclose interest income of C$238k for the nine-month period (of which C$33k on finance-lease receivables) — its own sub-line, not netted away. Extrapolated to a full year (~C$300k) against FY2026 revenue of C$57.6M, that is about 0.5% — well under the ~5% ceiling. The FY2026 press release reports net financial expenses of only C$10k, and Q1 FY2027 showed net financial income of C$58k. Interest expense components are tiny (lease interest ~C$181k/9M; long-term debt interest C$31k/9M). The income gate passes.

Key figures used

PASS — all gates pass (October 2026 screen)
Business: haptic motion systems (software + electromechanical actuators) for theatres, sim racing, simulation & training; 1,200+ active screens; Q1 FY2027 revenue C$13.4M; casino relationship historical only (FY2013 AIF); no prohibited segments — PASS
Debt: C$278k (Jun 30, 2026; non-IFRS total debt) ≈ 0.11% of ~C$247.1M market cap (~C$1.10, Oct 1, 2026) vs ~33% ceiling; C$8M NBC credit line undrawn — PASS
Income: ≈0.5% — interest income C$238k (9M, Q3 FY2026 FS; ~C$300k extrapolated) ÷ FY2026 revenue C$57.6M vs ~5% ceiling — PASS
Cash: C$17.8M (Jun 30, 2026) ≈ 7.2% of market cap
Third-party: no Zoya/Musaffa/ShariaPortfolio coverage found
Material: record Q1 FY2027 royalties (C$5.0M); FY2026 net profit C$17.4M (EPS C$0.078); NCIB repurchased 752,500 shares through May 29, 2026; no dividend

Frequently asked questions

Is D-BOX Technologies (DBO) halal?

Our October 2026 screen gives D-BOX Technologies Inc. (TSX: DBO) a PASS. The business gate passes (designs, manufactures, and commercializes haptic motion systems for movie theatres, sim racing, and simulation & training; no prohibited segments — a casino relationship that appears in the FY2013 AIF is historical only, with zero mentions in the current FY2026 AIF). The debt gate passes (total debt of C$278k at June 30, 2026 is about 0.11% of the ~C$247.1M market cap, far under the ~33% ceiling). The income gate passes (separately disclosed interest income of C$238k in the Q3 FY2026 interim statements — ~C$300k extrapolated full-year — is about 0.5% of FY2026 revenue of C$57.6M, well under the ~5% ceiling). Cash of C$17.8M is about 7.2% of market cap. No Zoya, Musaffa, or ShariaPortfolio coverage was found. This is a rules-based screen, not a religious ruling.

What does D-BOX Technologies do?

D-BOX designs, manufactures, and commercializes haptic motion systems (software plus electromechanical actuators) for three core customer groups: theatrical (motion seats for movie theatres), sim racing (consumer entertainment hardware), and simulation & training. Q1 FY2027 revenue was C$13.4M (theatrical C$3.7M, simulation and training C$1.8M, sim racing C$2.3M, record royalties C$5.0M); FY2026 revenue was C$57.6M. The company has crossed 1,200 active screens worldwide.

How much debt does D-BOX Technologies have?

Almost none. Total debt (bank indebtedness plus long-term debt, non-IFRS definition) was just C$278k at June 30, 2026 (C$323k at FY2026 year-end), and the C$8M National Bank credit line was undrawn at December 31, 2025. Against a market cap of ~C$247.1M (~C$1.10, October 1, 2026, TSX), that is about 0.11% — far under the ~33% ceiling. The company does offer vendor financing on finance-lease receivables (C$1.7M) to exhibitor partners deploying systems — equipment vendor financing, not a lending business.

Is D-BOX Technologies’ income compliant?

Yes. The Q3 FY2026 interim financial statements separately disclose interest income of C$238k for the nine-month period — its own sub-line, not netted away. Extrapolated to a full year (~C$300k) against FY2026 revenue of C$57.6M, that is about 0.5% — well under the ~5% ceiling. The FY2026 press release reports net financial expenses of only C$10k, and Q1 FY2027 showed net financial income of C$58k. The income gate passes.

What do third-party Shariah screeners say about DBO?

No Zoya, Musaffa, or ShariaPortfolio rating was found for DBO in public search — none of the three named providers surfaced coverage, so no rating is claimed here.

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.