Amarc Resources Ltd

AHR.V

Compliant
Exchange
Sector
Headquarters
Group
TSX
Basic Materials
Canada
Micro Cap

Amarc Resources Ltd is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

-

Impure Income*

-

Purification*

$0.000

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
0.55

Shariah Compliance

Debt
0.52%
✓
Non-Compliant Assets
✓
Impure Income
0.00%
-

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
0.94%
✓
Impure Income
0.00%
-

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
0.67%
✓
Impure Income
0.00%
-

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
23.1%
✓
Cash
84.43%
✗
Cash & AR
84.43%
✗
Impure Income
0.00%
-

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
23.1%
✓
Cash
84.43%
✗
Cash & AR
84.43%
✗
Impure Income
0.00%
-

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

Amarc Resources Ltd. is a Canada-based mineral exploration and development company. The Company focused on developing a new generation of long-life, high-value porphyry Cu-Au mines in British Columbia (BC). It is advancing its 100%-owned JOY, DUKE and IKE porphyry Cu+Au Districts located in different prolific porphyry regions of northern, central and southern BC, respectively. It holds a 100% interest in the high potential, 495 square kilometers (km2) JOY Cu-Au district (JOY District) in north-central BC, within the underexplored Toodoggone region. It holds a 100% interest in the 673 km2 IKE Cu-Au district (IKE District), located 35 km NW of Gold Bridge in south-central British Columbia (BC). The IKE District hosts two known deposits open for drill expansion and multiple deposit-scale targets ready for drill discovery. It holds a 100% interest in the 722 km2 DUKE Cu-Au District (DUKE District), located 80 km NE of Smithers in central British Columbia (BC).

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