TSX Shariah screener · September 2026
Is VitalHub (VHI) Halal?
VitalHub Corp · TSX: VHI · Technology
The short answer
VitalHub (VHI) is a PASS. The business gate passes: it sells electronic health records, operational intelligence and workforce automation software to health and human services providers, with no disclosed prohibited lines. The debt gate passes: the company closed Q2 2026 with C$136.5M in cash and investments and no debt - a 0% debt-to-market-cap ratio against a ~33% ceiling. The income gate passes: C$676,602 of interest income (net of interest expense) in Q2 2026 is about 2.1% of C$31.7M revenue, under the ~5% ceiling. No public Zoya, Musaffa or ShariaPortfolio rating was found for VHI as of September 2026. As with every screener here, this is a rules-based screening of published figures, not a religious ruling - consult a qualified scholar for personal guidance.
Gate 1 — Business activity: PASS
VitalHub Corp is a Toronto-based software company serving health and human services providers globally, with electronic health records, operational intelligence and workforce automation products used by over 1,300 clients across the UK, Canada and other geographies. It grows through organic product cross-sell and a steady cadence of acquisitions (Buddy Healthcare was acquired in July 2026 for ~C$13.4M, lifting pro forma ARR to ~C$106M). There are no disclosed alcohol, tobacco, gambling, conventional finance or insurance, pork, adult entertainment, weapons or cannabis lines. The business-activity gate passes. Facts only, no fatwa.
Gate 2 — Debt: PASS
The Q2 2026 results show the company closed the quarter with C$136.5M in cash and investments and no debt. Against a market capitalization of about C$481M (C$7.33, the September 30, 2026 market price), the debt-to-market-cap ratio is 0% - against a ~33% ceiling.
Gate 3 — Non-compliant income: PASS
The Q2 2026 selected financial information separately discloses interest income (net of interest expense) of C$676,602 for the quarter ended June 30, 2026 (C$1,368,268 for the first six months). Against Q2 revenue of C$31,737,512, interest income is about 2.1% of revenue - under the ~5% ceiling.
Key figures used
- Business: health & human services software (EHR, operational intelligence, workforce automation); >1,300 clients — PASS
- Debt: none; cash and investments C$136.5M at June 30, 2026
- Market cap: ~C$481M (C$7.33, September 30, 2026 market price)
- Debt ÷ market cap: 0% vs ~33% ceiling — PASS
- Interest income ÷ revenue: C$676,602 ÷ C$31,737,512 ≈ 2.1% vs ~5% ceiling — PASS
- Q2 2026: revenue C$31.7M (+33% YoY), ARR C$101.5M, adjusted EBITDA C$8.2M (26% margin), net income C$1.95M
Frequently asked questions
Is VitalHub (VHI) halal?
Our September 2026 screen gives VitalHub Corp (TSX: VHI) a PASS. The business gate passes: it sells electronic health records, operational intelligence and workforce automation software to health and human services providers, with no disclosed prohibited lines. The debt gate passes: the company closed Q2 2026 with C$136.5M in cash and investments and no debt - a 0% debt-to-market-cap ratio against a ~33% ceiling. The income gate passes: C$676,602 of interest income (net of interest expense) in Q2 2026 is about 2.1% of C$31.7M revenue, under the ~5% ceiling. No public Zoya, Musaffa or ShariaPortfolio rating was found for VHI as of September 2026. This is a rules-based screening of published figures, not a religious ruling.
What business is VitalHub in?
VitalHub Corp is a Toronto-based software company serving health and human services providers globally. Its product suite covers electronic health records, operational intelligence and workforce automation, serving over 1,300 clients across the UK, Canada and other geographies. It grows through a mix of organic product cross-sell and acquisitions (Buddy Healthcare was acquired in July 2026 for ~C$13.4M). Its shares trade on the Toronto Stock Exchange under the symbol VHI (also OTCQX: VHIBF). There are no disclosed alcohol, tobacco, gambling, conventional finance or insurance, pork, adult entertainment, weapons or cannabis lines, so the business gate passes under this screen's AAOIFI-style criteria.
How leveraged is VitalHub on the debt gate?
The Q2 2026 results show the company closed the quarter with C$136.5M in cash and investments and no debt, giving it a debt-to-market-cap ratio of 0% versus a ~33% ceiling. With a market capitalization of about C$481M (C$7.33 on September 30, 2026) and no borrowings outstanding, the debt gate passes with a wide margin.
How much interest income does VitalHub earn?
The Q2 2026 selected financial information separately discloses interest income (net of interest expense) of C$676,602 for the quarter ended June 30, 2026 (C$1,368,268 for the first six months). Against Q2 revenue of C$31,737,512, interest income is about 2.1% of revenue - under the ~5% ceiling - so the non-compliant income gate passes.
What do Zoya, Musaffa or ShariaPortfolio say about VHI?
No public Zoya, Musaffa or ShariaPortfolio rating for VHI (TSX) was found as of September 2026, so this screen relies entirely on the company's published figures. Other technology names on this site - Constellation Software, Shopify, Enghouse, Docebo and Kinaxis - are screened on the same business, debt and income basis.
Sources
- Company Q2 2026 results (GlobeNewswire, Aug 6, 2026) — revenue C$31.7M, ARR C$101.5M, adjusted EBITDA C$8.2M, cash C$136.5M, no debt
- Company Q2 2026 selected financial information — interest income (net of interest expense) C$676,602, Q2 revenue C$31,737,512
- Q2 2026 earnings summary — ARR C$101.5M, no debt, Buddy Healthcare acquisition
- VitalHub Corp (VHI) overview (Kalkine, September 2026) — business description, Q2 highlights
- Finnhub — VHI.TO market data (C$7.33, ~C$481M market cap, September 30, 2026)
Screened September 30, 2026 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.