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HALAL TRADING ROOM Sharia-screened signals
TERMINAL
MD

MDA.TO

Stock MDA Space Ltd.
42.41 CAD

Toronto Stock Exchange · Industrials · CA

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Alert
Sharia status
UNRATED
Per In-house ratio engine · assessed 2026-09-02
Methodology breakdown (0/7 compliant)
AAOIFI ● FAIL
Debt ratio no data
Investments ratio no data
Non permissible income ratio no data
Usmani ● FAIL
Debt ratio no data
Investments ratio no data
Nonliquid assets ratio no data
Non permissible income ratio no data
Net liquid assets no data
Dow Jones ● FAIL
Debt ratio no data
Cash and interest ratio no data
Receivables ratio no data
Non permissible income ratio no data
S&P Shariah ● FAIL
Debt ratio no data
Cash and interest ratio no data
Receivables ratio no data
Non permissible income ratio no data
MSCI ● FAIL
Debt ratio no data
Cash and interest ratio no data
Receivables ratio no data
Non permissible income ratio no data
MSCI M ● FAIL
Debt ratio no data
Cash and interest ratio no data
Receivables ratio no data
Non permissible income ratio no data
FTSE ● FAIL
Debt ratio no data
Cash and interest ratio no data
Receivables ratio no data
Non permissible income ratio no data

Business activity Weapons or defense

ℹ️ Ratios above can still show Pass — business activity is a separate, hard gate that overrides a clean ratio result.

🕌Open research, not a fatwa — verify with your own scholar.

Trade setup

Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.

SEPARATE FROM SHARIAH
No active setup right now. The technical picture doesn't show a clear edge — check back when the trend or momentum shifts.
Market & analysts
Price target
66.50 CAD
+56.8% · 12 analysts
Institutional own.
59.2%
of shares
UNRATED
Sharia compliance
66.50 CAD
Price target (+56.8%) · 12 analysts
59.2%
Institutional ownership

🕌 In-house Compliance Research

Research only, not the primary verdict above — computed from SEC EDGAR filings and business-activity classification, same as the Discord bot's !halal command.

ℹ️ Financial data sourced from SEC filings through linked US listing (MDA) — MDA.TO has no SEC filings of its own, but is also listed there under a linked ticker.

Business activity: Weapons or defense

AAOIFI Standard 21 (% of market cap) — Unverified
Debt ratio no data
Investments ratio no data
Non permissible income ratio no data
Usmani (% of total assets) — Unverified
Debt ratio no data
Investments ratio no data
Nonliquid assets ratio no data
Non permissible income ratio no data
Net liquid assets no data
Dow Jones Islamic Market (% of 24-mo avg market cap) — Unverified
Debt ratio no data
Cash and interest ratio no data
Receivables ratio no data
Non permissible income ratio no data
S&P Shariah Indices (% of 36-mo avg market cap) — Unverified
Debt ratio no data
Cash and interest ratio no data
Receivables ratio no data
Non permissible income ratio no data
MSCI Islamic Index (% of total assets) — Unverified
Debt ratio no data
Cash and interest ratio no data
Receivables ratio no data
Non permissible income ratio no data
MSCI Islamic M-Series (% of 36-mo avg market cap) — Unverified
Debt ratio no data
Cash and interest ratio no data
Receivables ratio no data
Non permissible income ratio no data
FTSE Shariah Global Equity Index Series (% of total assets) — Unverified
Debt ratio no data
Cash and interest ratio no data
Receivables ratio no data
Non permissible income ratio no data

Combined verdict: AAOIFI Non Compliant Usmani Non Compliant Dow Jones Islamic Non Compliant S&P Shariah Non Compliant MSCI Islamic Non Compliant MSCI Islamic M Non Compliant FTSE Shariah Non Compliant

ℹ️ Every methodology's ratios above show Pass, but the combined verdict is Non-Compliant anyway because the business-activity screen flagged Weapons or defense — business activity is a hard gate that overrides a clean ratio result.

The three ratios

Computed from the company's own filing, measured against market cap — the AAOIFI basis. Other standards move both the line and the denominator, which is what the breakdown above shows.

Debt ratio not measured
Investments ratio not measured
Non permissible income ratio not measured
Basis Complete

The numbers the ratios are built from

Read from MDA's filings, which are the ones MDA.TO's ratios are computed against. Every percentage on this page is one of these lines divided by another, so the inputs are shown rather than asserted.

LineFigureAs reportedRead from
RevenueTotal revenue for the period not measured
Interest-bearing debtBorrowings — which definition was stored is not recorded not measured
Cash and interest-bearing securitiesCash, equivalents and marketable securities not measured
Total assetsBalance sheet total not measured
Market capDenominator for AAOIFI $4.8B
36-month average market capDenominator for S&P Shariah and MSCI M-Series not measured
24-month average market capDenominator for Dow Jones Islamic Market $5.6B
Non-permissible revenueInterest and excluded income not measured

Two dates, not one: a balance-sheet line and an income-statement line cover different windows by design, so each figure carries its own.

What changed, and when

Verdict history for MDA.TO. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.

  • 2026-09-07 No change recorded Every scan since tracking began has re-derived the same verdict for MDA.TO.

Tracked since 2026-09-07.

67.1355.7044.2832.8521.432025-09-182026-03-192026-09-17

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
38.14
S2
39.12
S1
39.87
PIVOT
40.85
R1
41.60
R2
42.58
R3
43.33

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

Price Forecast

The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.

7-day expected range
35.66 44.22
±10.71% from 39.94, made 2026-09-10 · resolves 2026-09-17
STRONG SELL
from 19 indicators
Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 49279 forecast(s) are currently open and will be scored automatically when their horizon expires.

Technical Summary

Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.

NEUTRAL
19 indicators
OscillatorsNEUTRAL
3 buy · 1 neutral · 3 sell
Moving averagesNEUTRAL
6 buy · 0 neutral · 6 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)51.00NEUTRAL
Stochastic %K (14)87.12SELL
CCI (20)114.99SELL
Williams %R (14)-12.88SELL
MACD (12,26,9)0.37BUY
ROC (10)9.30BUY
Momentum (10)3.61BUY
EMA (10)40.84BUY
SMA (10)40.58BUY
EMA (20)41.51BUY
SMA (20)40.75BUY
EMA (30)42.46SELL
SMA (30)43.12SELL
EMA (50)44.08SELL
SMA (50)43.88SELL
EMA (100)45.07SELL
SMA (100)48.62SELL
EMA (200)40.77BUY
SMA (200)42.29BUY

About MDA Space Ltd.

Industrials · Aerospace & Defense

MDA Space Ltd. provides space technology solutions and services in Canada, the United States, Europe, Asia, the Middle East, and internationally. It offers satellite communications solutions, such as space-based broadband Internet, direct-to-device satellite communication, and IoT connectivity; MDA AURORA, a software-defined digital satellite product line; and autonomous robotics systems and services used to operate in space and on the surfaces of the Moon and Mars. The company also provides robotic systems, robotic interfaces, tooling, robotic ground control stations, and operations services; electro-optic and light detection and ranging sensors, vision and targeting systems, guidance, navigation, and control subsystems and planetary rover locomotion subsystems; MDA SKYMAKER, a suite of scalable and modular space robotics; and Canadarm3, a robotics system. In addition, it offers satellite-generated imagery and data to deliver critical and value-added insights for end users, such as national security, climate change monitoring, and maritime surveillance; collection, processing, and dissemination of Earth imagery data from space; defense command, control, communications, computers, intelligence, surveillance, and reconnaissance solutions, including command and control systems and airborne surveillance solutions; aeronautical navigation information solutions; and long endurance uncrewed aerial vehicle surveillance services. Further, operates as an owner and operator of the RADARSAT-2 Earth observation satellite; and is involved in the operation of MDA CHORUS, an Earth observation mission. It serves governments and space agencies, commercial space companies, and defense and aerospace prime contractors in the space industry. The company was formerly known as MDA Ltd. and changed its name to MDA Space Ltd. in May 2024. MDA Space Ltd. was incorporated in 1969 and is headquartered in Brampton, Canada.

mda.space ↗

Background via Yahoo Finance — informational, not part of the verdict.

SMC — Top Down

Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.

Not enough price history yet for a smart-money structure read on any timeframe.

Momentum & Volume

Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.

Peer Movement

How the rest of the sector moved over the same window. Context for a price move, never a cause of one.

Peer movement computing — it will appear here on its own.

Before you act on this

The questions worth asking about any verdict on this page, answered plainly.

Is this a fatwa?

No. HTR applies published screening standards to a company's own filings and shows the result under each one. It is research, not a religious ruling. For a ruling that applies to you, ask a qualified scholar.

Why can the standards disagree?

Because they measure different things. Some divide interest-bearing debt by market cap, others by total assets, and the thresholds differ too. The same filing can clear one line and cross another. HTR shows every verdict rather than averaging them into one label.

How often is this re-screened?

Ratios are recomputed when a new filing lands, and the whole watchlist is re-screened on a rolling basis. The date on the verdict above is the last time this symbol was actually recomputed, not the last time the page was built.

Do I need to purify dividends?

If a company earns some non-permissible income, many scholars hold that the same share of any dividend should be given away. The non-permissible income figure above is the number that calculation starts from.

Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.

Compare with

Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.

Peer screening computing — it will appear here on its own.

Insider Activity (90d)

Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.

NO DATA   0 buys · 0 sells

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.

NEUTRAL   report date 2026-09-08 · Asset managers net 912361 (-21819)

AI Summary

Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.