Big Tree Carbon Inc

BIGT.V

Not Compliant
Exchange
Sector
Headquarters
Group
Canadian Ventures Exchange
Basic Materials
Canada
Micro cap

Big Tree Carbon Inc is not Shariah Compliant because it fails the financial ratios.

13.07%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
0
$0
$0.00
$0.00
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
0.00%
0.00%
0.00%
0.00
0.01
0.00%

Shariah Compliance

Debt
4.31%
Non-Compliant Assets
100%
Impure Income
13.07%

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
0.46%
Impure Income
13.07%

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
0.82%
Impure Income
13.07%

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
3.2%
Cash
98.97%
Cash & AR
98.97%
Impure Income
13.07%

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
3.2%
Cash
98.97%
Cash & AR
98.97%
Impure Income
13.07%

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
13.07%

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

Big Tree Carbon Inc. is a natural asset resource company engaged in developing Biodiversity Stewardship projects, based in Ontario, Canada. It focuses on gold as a primary exploration target, having mineral exploration properties in the Red Lake and Birch-Uchi metamorphic belts. The Company’s projects include Richardson Lake Gold Property and Ranger Lake Gold Property. The Richardson Lake Gold Property is in Northwestern Ontario’s Red Lake Gold Camp, approximately 100 kilometers (km) from Evolution Mining’s Campbell mill facility; 10 km north of First Mining Gold’s Springpole deposit, and one km north of the Argosy gold mine. The Ranger Lake Gold Property is in Northwestern Ontario’s Red Lake Gold Camp, eight km east of Evolution Mining’s Campbell mill facility. It holds a 100% interest in the McFaulds Lake base metal property in Ontario’s Ring of Fire area. It holds a 35% interest in a group of properties (144 hectares) at Bridget Lake in Ball Township, Red Lake Mining Division.

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