Is Savaria / SIS Halal?
Savaria Corporation (TSX: SIS), headquartered in Laval, Québec, is a global leader in the accessibility industry — home and commercial elevators, stairlifts, wheelchair lifts and dumbwaiters (~78% of Q2 revenue), plus patient-care equipment (~22%). The business passes and both ratios clear: debt of ~C$203 million is ~9.4% of market cap and interest income of C$67,000 is 0.03% of revenue. 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
Savaria designs, manufactures, distributes and installs accessibility equipment — home and commercial elevators, straight and curved stairlifts, vertical and inclined wheelchair lifts, platform lifts and dumbwaiters (brands include Savaria, Garaventa Lift, Handicare and Span) — and patient-care equipment — pressure-management products, medical beds and safe patient-handling equipment (ceiling lifts, slings, transfer and repositioning aids). Q2 2026 delivered 8.4% revenue growth with continued margin expansion. No verified involvement in weapons/defence, gambling, alcohol, tobacco, pork or adult entertainment was found. Gate one: passes.
Gate two: the ratios — both gates clear
The debt gate clears. As at June 30, 2026 (in Canadian dollars): long-term debt C$1.2 million current + C$147.5 million non-current = about C$148.7 million; lease liabilities C$12.7 million current + C$41.2 million non-current = about C$53.9 million; total debt including leases about C$202.6 million (cash C$33.5 million; company-reported net debt C$172.8 million at net debt/trailing EBITDA 0.87x). Market cap is about C$2.15 billion (C$29.82 TSX close on September 28, 2026 × about 72.1 million shares) — putting debt at ~9.4% of market cap (~6.9% without leases), well under the ~33% ceiling. The income gate clears decisively: the statements report a standalone interest income line of C$67,000 in Q2 (C$101,000 for the six months) — about 0.03% of Q2 revenue (C$245.78 million) — well under the ~5% ceiling. Gate two: passes.
What other screeners say
No Musaffa, Zoya or ShariaPortfolio rating for SIS could be verified as of September 2026. This screener is independent.
The bottom line
This screener gives Savaria Corporation (TSX: SIS) a PASS. The accessibility-equipment business is permissible, debt of ~C$203 million is ~9.4% of market cap, and standalone disclosed interest income of ~0.03% of revenue clears the income gate — with all key figures from the company's own primary filings. Snapshot dated September 29, 2026; re-checked quarterly after earnings.
The purification angle: run the purification calculator to estimate any non-compliant share of dividends or gains.
Frequently asked questions
Is Savaria stock halal?
This screener gives Savaria Corporation (TSX: SIS) a PASS. The Laval, Québec company is a global leader in the accessibility industry — home and commercial elevators, stairlifts, wheelchair lifts and dumbwaiters (~78% of Q2 revenue), plus patient-care equipment like medical beds and patient lifts (~22%) — with no verified weapons, gambling, alcohol, tobacco, pork or adult-entertainment exposure. Both ratio gates clear: total debt of ~C$203 million is ~9.4% of the ~C$2.15 billion market cap, and standalone disclosed interest income of C$67,000 in Q2 2026 is ~0.03% of revenue — both well under their ceilings.
What are Savaria's debt and market-cap figures?
As at June 30, 2026 (Q2 2026, in Canadian dollars): long-term debt C$1.2 million current + C$147.5 million non-current = about C$148.7 million; lease liabilities C$12.7 million current + C$41.2 million non-current = about C$53.9 million; total debt including leases about C$202.6 million (cash C$33.5 million; company-reported net debt C$172.8 million, net debt/trailing EBITDA 0.87x). Market cap is about C$2.15 billion (C$29.82 TSX close on September 28, 2026 × about 72.1 million shares). The ratio is about 9.4% including leases (about 6.9% without) — well under the ~33% ceiling.
Does Savaria earn interest income?
Yes — and it is disclosed as a standalone line, which is rare in this screeners series. Note 10 of the Q2 2026 statements reports interest income of C$67,000 in Q2 (C$101,000 for the six months) — about 0.03% of Q2 revenue (C$245.78 million) — well under the ~5% ceiling. The other finance lines (interest on debt C$1.46 million, lease interest C$0.56 million) are expense lines.
Do any third-party screeners cover Savaria?
No Musaffa, Zoya or ShariaPortfolio rating for SIS could be verified as of September 2026. This screener is independent.
What could change Savaria's halal screener?
New debt taken on for acquisitions (Savaria grows by acquisition — e.g. Vipal and Baxter Residential Elevators in 2026) would move the debt gate, and a rise in interest income relative to revenue would change the income gate. This screener is a snapshot dated September 29, 2026 and is re-checked quarterly after earnings.