Is SANG halal?
Sangoma Technologies Corporatio
Halal
Sangoma Technologies Corporatio passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NASDAQ
Price
4.77
Day
-0.63%
Market cap
$162.5M
Industry
Software - Infrastructure
Sector
Technology
What the company does
Sangoma (Canada) provides cloud business communications (UCaaS): phone, video and contact-center services, plus IP phones and gateways. Its money comes from subscriptions and hardware sales.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $39.72M ÷ 36-month average market cap $166.97M = 23.8%
23.8%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $15.18M ÷ 36-month average market cap $166.97M = 9.1%
9.1%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $242K ÷ annual revenue $236.69M (2025) = 0.1%
0.1%
Pass
Figures from the company's filings (2026-03-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $162.49M.
For information (AAOIFI 3/1 note): cash + receivables are 8.7% of total assets (2026-03-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Among halal stocks
- 0.00% · #1145 of 1454
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Software - Infrastructure — for comparison.
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- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.