Token Communities Ltd. (TKCM) - Not Halal (Non-Compliant)
Token Communities Ltd. (TKCM) is classified as Not Halal (Non-Compliant) 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
- Real Estate
- Industry
- Real Estate - Development
- Result
- Pass
- Reason
- The sector "Real Estate" and industry "Real Estate - Development" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 1947.5% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 15.0% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.00%.No non-permissible income detected in the financial statements. No purification is required based on available data.
About Token Communities Ltd.
Token Communities, Ltd. operates as a real estate development company. The company engages in a revolutionary affordable housing development project. Token Communities Ltd. was formerly known as Extract Pharmaceuticals Inc. an changed its name to Token Communities Ltd. in January, 2018. The company was incorporated in 2014 and is based in Bradenton, Florida. Token Communities Ltd. operates as a subsidiary of American Software Capital, Inc. real estate development company.
Frequently Asked Questions
Is Token Communities Ltd. (TKCM) stock halal to invest in?
According to AAOIFI Shariah screening standards, Token Communities Ltd. (TKCM) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Token Communities Ltd. have any interest income?
Token Communities Ltd.'s interest income ratio is 15.0% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if TKCM stock is Shariah-compliant?
TKCM is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.

