TSX Shariah screener · September 2026

Is KP Tissue Inc. (KPT) Halal?

PASS

KP Tissue Inc. · TSX: KPT · Consumer Staples

The short answer

KP Tissue Inc. (TSX: KPT) is a PASS. The business gate passes: a holding company with a 12.0% interest in Kruger Products, Canada's leading maker of disposable tissue products (bathroom tissue, facial tissue, paper towels, napkins) — a permissible activity with no prohibited segments. The debt gate passes: the June 30, 2026 balance sheet shows zero debt and zero cash, so debt is 0% of the ~C$129M market cap — well under the ~33% guideline. Gross interest income is nil, so the non-compliant-income gate passes.

Gate 1 — Business activity: PASS

KP Tissue Inc. is a holding company with a 12.0% interest in Kruger Products Inc. (at June 30, 2026), described as Canada's leading manufacturer of disposable tissue products. Kruger Products produces, distributes, markets and sells bathroom tissue, facial tissue, paper towels and napkins for the consumer and away-from-home markets across North America — brands include Cashmere®, Purex®, SpongeTowels®, Scotties®, White Swan® and Bonterra® in Canada, and White Cloud® plus premium private-label products in the US. KPT is headquartered in Mississauga, Ontario. Manufacturing and selling tissue products is a permissible business activity — no alcohol, gambling, interest-based lending, or other prohibited segments. Gate 1 passes.

Gate 2 — Debt and cash: PASS

KP Tissue's own unaudited condensed financial statements at June 30, 2026 (reported August 13, 2026) show: total assets C$74.823M (essentially the C$72.717M investment in associate plus C$2.106M dividends receivable), total liabilities C$2.106M (dividends payable only), total equity C$72.717M — and no debt of any kind: no bank debt, no notes, no lease liabilities, no long-term liabilities at all. Cash and cash equivalents are nil (dividends received are passed straight through to shareholders). Against a market cap of about C$129M (C$12.16 per share on September 30, 2026; ~10.03M shares outstanding), debt is 0% of market cap — well under the ~33% guideline. Cash is 0% of market cap. Gate 2 passes.

Gate 3 — Non-compliant income: PASS

Gross interest income is nil — KP Tissue's income statement for the six months ended June 30, 2026 reports share of income C$5,049K, equity income C$4,510K, a dilution gain of C$112K and net income of C$4,622K, with no interest-income line at all, and the company holds no cash balances. Non-compliant income is therefore 0% of income — well under the ~5% guideline. Gate 3 passes.

Key figures used

KPT holds a 12.0% interest in Kruger Products Inc. (June 30, 2026); Kruger Products Q2 2026 revenue C$550.9M, adjusted EBITDA C$90.6M (reported Aug 13, 2026).
KPT own balance sheet (June 30, 2026): total assets C$74.823M; total liabilities C$2.106M (dividends payable only); equity C$72.717M.
Total debt C$0 (no bank debt, notes, or lease liabilities); cash and cash equivalents C$0.
Market cap ≈C$129M (C$12.16 per share, September 30, 2026; ~10.03M shares).
Debt = 0% of market cap (well under ~33%); cash = 0% of market cap; interest income = nil.
Q2 2026 dividend: C$0.21 per KPT share, payable October 15, 2026.

Frequently asked questions

Is KP Tissue (KPT) halal?

Our September 2026 screen gives KP Tissue (KPT) a PASS. The disposable-tissue-products business passes the activity gate, and the holding company's June 30, 2026 balance sheet shows zero debt and zero cash - debt is 0% of the ~C$129M market cap (well under the ~33% guideline). Gross interest income is nil.

What business is KP Tissue in?

KP Tissue Inc. is a holding company with a 12.0% interest (at June 30, 2026) in Kruger Products Inc., Canada's leading manufacturer of disposable tissue products. Kruger Products sells bathroom tissue, facial tissue, paper towels and napkins to consumer and away-from-home markets across North America under brands including Cashmere, Purex, SpongeTowels, Scotties, White Swan and Bonterra in Canada, and White Cloud plus premium private-label products in the US. KPT is headquartered in Mississauga, Ontario, and its shares trade on the TSX as KPT.

What is KP Tissue's debt-to-market-cap ratio?

Zero. KP Tissue's own unaudited condensed financial statements at June 30, 2026 show total assets of C$74.823M, total liabilities of C$2.106M (dividends payable only), total equity of C$72.717M, and no debt of any kind - no bank debt, no notes, no lease liabilities, no long-term liabilities at all. Against a market cap of about C$129M (C$12.16 per share on September 30, 2026; about 10.03M shares outstanding), debt is 0% of market cap - well under the ~33% guideline.

How much interest income does KP Tissue earn?

Nil. KP Tissue's income statement for the six months ended June 30, 2026 reports share of income C$5,049K, equity income C$4,510K, a dilution gain of C$112K and net income of C$4,622K - there is no interest-income line at all, and the company holds no cash and cash equivalents. So non-compliant income is 0% of revenue-equivalent income - well under the ~5% guideline.

What do Musaffa, Zoya or ShariaPortfolio say about KP Tissue?

No Musaffa page was found for KPT or KPT.TO, no public Zoya rating was found, and ShariaPortfolio does not publish per-stock screening pages. This page's PASS result is based on the company's own Q2 2026 financial statements and market data.

Sources

Screened 2026-09-30 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.