Is Evertz Technologies (ET) halal?
Evertz Technologies (TSX: ET) is a Burlington, Ontario company designing video/audio infrastructure for broadcast production and transmission — a clean business with no haram segment. Debt of ~C$18.9 million (lease obligations last disclosed at FY2026; net-cash position with no meaningful bank debt) is about 2.1% of the ~C$911.65 million market cap (under the ~33% ceiling), and finance income of ~C$0.090 million is about 0.08% of Q1 FY2027 revenue of C$118.259 million (under the ~5% ceiling). This screener is a PASS.
The two-gate Shariah screen
Every screener on this site runs the same two gates: first, the business must be halal (no conventional insurance, banking, alcohol, gambling, weapons manufacturing, and the like); second, the financial ratios must clear (debt under roughly 33% of market cap, non-compliant income under roughly 5%).
Gate one: the business — passes
Evertz Technologies Limited, headquartered at 5292 John Lucas Drive, Burlington, Ontario, designs, manufactures and markets video/audio infrastructure solutions for the production, post-production and transmission of video content. Its flagship is the Software Defined Video Network (SDVN) platform; products include multiviewers, audio production, optical media transport, data analytics, remote production, direct-to-consumer, RF solutions, IP-for-broadcast facilities, Ultra HD/HDR broadcast, live production, a video delivery platform, and media networking/processing. Single reportable segment: video and audio infrastructure solutions. Customers include television broadcast, telecommunications, professional audio-visual, content creators, advanced education, government, military, enterprise and new media sectors — one nuance: selling broadcast infrastructure to military customers is disclosed, but this is not weapons manufacturing. Order backlog was over C$259M at August 31, 2026 (+9% sequential). The business gate passes.
Gate two: the ratios — both pass
Q1 FY2027 (quarter ended July 31, 2026, reported September 14, 2026, all CAD): finance income of C$0.090 million is about 0.08% of revenue of C$118.259 million (+5.5% y/y) — under the ~5% ceiling. Debt: cash net of bank indebtedness of C$2.457 million — a net-cash position with no meaningful bank debt. Lease obligations were last disclosed in the FY2026 annual (April 30, 2026) at C$18.872 million, so the current lease balance is unverified. With ~75.7 million basic shares (79.7M fully diluted) at ~C$12.05 (September 29, 2026), the market cap is about C$911.65 million — debt is about 2.1% of market cap including last-disclosed leases, well under the ~33% ceiling. Gross margin was 58.6% (vs 61.4%), and net earnings of C$7.960M were down about a third on margin pressure. Both ratios pass.
What other screeners say
No coverage pages for ET/ET.TO were found on Zoya, Musaffa, or ShariaPortfolio in targeted searches as of September 2026. This screener is based on Evertz's Q1 FY2027 financials.
The bottom line
This screener gives Evertz Technologies Limited (TSX: ET) a PASS. A clean broadcast-technology business with debt at about 2.1% of market cap and finance income at about 0.08% of revenue — on a net-cash balance sheet. Watch the margin pressure: the stock fell ~22% in the 30 days after Q1 results and analysts cut targets to the C$15–17 range. The quarterly dividend is C$0.205/share (declared September 14, 2026; annualized ~C$0.82). Consult a qualified scholar. Snapshot dated September 29, 2026; re-checked quarterly after earnings.
Sources
Frequently asked questions
Is Evertz Technologies halal?
This screener gives it a PASS. Evertz Technologies Limited (TSX: ET) is a Burlington, Ontario company designing video/audio infrastructure for broadcast production and transmission — a clean business with no haram segment. Debt of ~C$18.9 million (lease obligations last disclosed at FY2026; net-cash position with no meaningful bank debt) is about 2.1% of the ~C$911.65 million market cap (under the ~33% ceiling), and finance income of ~C$0.090 million is about 0.08% of Q1 FY2027 revenue of C$118.259 million (under the ~5% ceiling). One nuance: the company sells broadcast infrastructure to military customers, disclosed but not weapons manufacturing. No coverage was found from Zoya, Musaffa, or ShariaPortfolio. Consult a qualified scholar.
What does Evertz Technologies do?
Evertz Technologies Limited, headquartered at 5292 John Lucas Drive, Burlington, Ontario, designs, manufactures and markets video/audio infrastructure solutions for the production, post-production and transmission of video content. Its flagship is the Software Defined Video Network (SDVN) platform; products include multiviewers, audio production, optical media transport, data analytics, remote production, direct-to-consumer, RF solutions, IP-for-broadcast facilities, Ultra HD/HDR broadcast, live production, a video delivery platform, and media networking/processing. Single reportable segment: video and audio infrastructure solutions. Customers include television broadcast, telecommunications, professional audio-visual, content creators, advanced education, government, military, enterprise and new media sectors — selling broadcast infrastructure to military customers is disclosed but is not weapons manufacturing. Order backlog was over C$259M at August 31, 2026 (+9% sequential).
What are Evertz Technologies' debt and market-cap figures?
Q1 FY2027 (quarter ended July 31, 2026, reported September 14, 2026, all CAD): cash net of bank indebtedness was C$2.457 million — a net-cash position with no meaningful bank debt. Lease obligations were last disclosed in the FY2026 annual (April 30, 2026) at C$18.872 million (current C$5.091M + long-term C$13.781M), so the current lease balance is UNVERIFIED; the Q1 release discloses only ~C$1.0M of quarterly lease payments. Finance costs (expense) were C$369k. With ~75.7 million basic shares (79.7M fully diluted) at ~C$12.05 (September 29, 2026), the market cap is about C$911.65 million — debt is about 2.1% of market cap including last-disclosed leases, well under the ~33% ceiling.
What do Zoya, Musaffa, and ShariaPortfolio say about ET?
No coverage pages for ET/ET.TO were found on Zoya, Musaffa, or ShariaPortfolio in targeted searches as of September 2026. This screener is based on Evertz's Q1 FY2027 financials, not on a third-party rating.
What is the purification amount for Evertz Technologies' dividend?
Evertz declares a quarterly dividend of C$0.205 per share (declared September 14, 2026; payable ~October 1, 2026; annualized ~C$0.82). Use the purification calculator with the Q1 FY2027 finance-income figure of ~C$0.090 million as the non-compliant-income input — roughly 0.08% of revenue, a very small purification amount.