TSX Shariah screener · October 2026
Is Pivotree Inc. (PVT) Halal?
Pivotree Inc. · TSXV: PVT · Technology
The short answer
No — Pivotree (PVT) fails this Shariah stock screen on the cash gate. Its commerce/AI professional services business is permissible and debt is nil, but cash and cash equivalents of C$12,960,244 at June 30, 2026 are about 44.9% of its C$28.88M market cap — 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
Pivotree Inc. (TSXV:PVT) provides commerce/AI professional services (managed commerce, data/AI). It divested its WMS assets to Tecsys in May 2025. 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 is about C$0 (debt/equity 0.00; interest expense only C$22,431 per quarter) — debt ÷ market cap is about 0%, well under the ~33% ceiling. Gate 2 passes. Facts only.
Gate 3 — Non-compliant income: FAIL (cash gate)
Cash and cash equivalents of C$12,960,244 at June 30, 2026 — about 44.9% of the C$28.88M market cap (26.25M shares at C$1.05–1.10) — over the ~33% cash-and-securities ceiling. This gate fails, and it is decisive. Q2 2026 revenue was C$12,553,539; separately disclosed interest income of C$60,698 is about 0.48% of revenue (passes, moot). Facts only.
Key figures used
- Cash + cash equivalents: C$12,960,244 at Jun 30, 2026 ≈ 44.9% of market cap — FAIL vs ~33%
- Market cap: C$28.88M (26.25M shares; C$1.05–1.10)
- Debt: ~C$0 (debt/equity 0.00) ≈ 0% of market cap — PASS
- Q2 2026: revenue C$12,553,539; interest income C$60,698 → ~0.48% (PASS, moot)
- Business: commerce/AI professional services (managed commerce, data/AI); divested WMS assets to Tecsys May 2025 — no haram segments
Frequently asked questions
Is Pivotree (PVT) halal?
No. Pivotree fails this Shariah stock screen on the cash gate. Its commerce/AI professional services business is permissible and debt is nil, but cash and cash equivalents of C$12,960,244 at June 30, 2026 are about 44.9% of its C$28.88M market cap — over the ~33% ceiling. This is a factual screen, not a religious ruling — consult a qualified scholar for personal guidance.
What is Pivotree's cash-to-market-cap ratio?
About 44.9%. Cash and cash equivalents of C$12,960,244 at June 30, 2026, against a market cap of C$28.88M (26.25M shares at C$1.05–1.10) — over the ~33% ceiling.
What does Pivotree do?
Pivotree Inc. (TSXV:PVT) provides commerce/AI professional services (managed commerce, data/AI). It divested its WMS assets to Tecsys in May 2025.
What is Pivotree's debt-to-market-cap ratio?
About 0%. Debt is essentially nil (debt/equity 0.00; interest expense only C$22,431 per quarter), well under the ~33% ceiling.
Where can I find more technology stock screeners?
See halal-stock-verdicts.html for the full list of stock screeners, including the other technology-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.