Purebread Brands Inc

BRED.V

Not Compliant
Exchange
Sector
Headquarters
Group
Canadian Ventures Exchange
Consumer Cyclicals
Canada

Purebread Brands Inc is not Shariah Compliant because it fails the financial ratios.

-

Impure Income*

$0.111

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
#N/A%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth

Shariah Compliance

Debt
100%
Non-Compliant Assets
Impure Income

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
100%
Impure Income

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
100%
Impure Income

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
100%
Cash
Cash & AR
0.29%
Impure Income

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
100%
Cash
Cash & AR
0.29%
Impure Income

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
-

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Purebread Brands Inc. is a Canada-based company. The Company is engaged in operating fast-casual cafes, bakeries and shared-kitchen facilities. It empowers food and beverage entrepreneurs to scale and gain exposure by offering facilities, equipment, and support through our network of commissary kitchens, retail spaces, and restaurants. Its brands include Purebread and Coho Commissary. Purebread is a handmade bakery with breads, treats, and savouries for breakfast, lunch, and dinner. It enables customers to pre-order bread & cakes online. Its offerings include Devil’s Food Cake, Salted Caramel Cake, Carrot Cake, Coconut Passionfruit Cake, Vegan Blackout Cake, Physical Gift Card, and Flourless Chocolate Cake. Coho Commissary is a commercial kitchen solution offering professional equipment and facilities to small businesses. It operates two shared commercial kitchens in East Vancouver equipped with a variety of kitchen equipment, walk-in coolers and freezers, and small communal wares.