DMG Blockchain Solutions Inc. (DMGGF) - Questionable
DMG Blockchain Solutions Inc. (DMGGF) is classified as Questionable according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Financial Services
- Industry
- Capital Markets
- Result
- Doubtful
- Reason
- This company requires further review: the industry "Capital Markets" has mixed revenue streams that require further analysis. The sector "Financial Services" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 23.6% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 3.6% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 1.4% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.45%.Based on the company's financial statements, approximately 1.45% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.45% of total income). Some scholars may differ on the exact calculation method.
About DMG Blockchain Solutions Inc.
DMG Blockchain Solutions Inc., together with its subsidiaries, operates as a blockchain and data center technology company in North America. The company mines bitcoin; and develops, operates, and manages digital solutions to monetize the blockchain and generative artificial intelligence (AI) compute ecosystems. It also offers transaction verification, equipment installation, hosting, AI compute, data center operations and colocation, software licensing, and forensic consulting services. In addition, the company provides Blockseer software platform comprising Terra Pool, which enables carbon neutral Bitcoin miners increased monetization opportunities while contributing to decarbonization of the Bitcoin blockchain; Helm, a data center infrastructure manager used to maximize fleet profitability with demand response support; Blockseer Petra, which enables users to transact via the Bitcoin blockchain in a carbon neutral manner; Blockseer WalletScore that allows users to have choice to send transactions that are not commingled with bad actors; and Blockseer Breeze Wallet, which enables Terra Pool to pay out clients and ordinal creators to have full control of their content post-inscription. Further, it offers Systemic Trust, which reduces the risk in the blockchain ecosystem by providing secure and independent institutional digital asset custody and transactions utilizing Petra; Exchange, which allows a blockchain-based digital asset trading platform that minimizes counterparty risk; Reactor.xyz that assures that contracted hashrate transferred from seller to buyer meets requirements for the entirety of its term; and Blockseer Explorer, an analytics tool that enables users to track and trace bitcoin transactions between any two wallets for a given number of hops. DMG Blockchain Solutions Inc. is headquartered in Delta, Canada.