Canlan Ice Sports Corp

ICE.TO

Not Compliant
Exchange
Sector
Headquarters
Group
TSE
Consumer Cyclicals
Canada
Micro cap

Canlan Ice Sports Corp is not Shariah Compliant because it fails the financial ratios.

0.53%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
0
$0.00
$0.00
$0.00
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
5.79%
6.52%
2.98%
0.82
0.84
0.00%

Shariah Compliance

  • Updated on April 14, 2025
Debt
92.76%
✗
Non-Compliant Assets
✓
Impure Income
0.53%
✓

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
88.46%
✗
Impure Income
0.53%
✓

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
86.99%
✗
Impure Income
0.53%
✓

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
37.14%
✗
Cash
16.61%
✓
Cash & AR
19.14%
✓
Impure Income
0.53%
✓

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
37.14%
✗
Cash
16.61%
✓
Cash & AR
19.14%
✓
Impure Income
0.53%
✓

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
0.53%

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

Canlan Ice Sports Corp. is the owner, operator and investor in the multi-sport recreation sector to create sports communities. It operates primarily in the sports and recreation industry, with a focus on ice, turf and court sports. It focuses on the development, lease, acquisition and operation of multipurpose recreation and entertainment facilities in North America. Its segment consists of full-service ice rink and recreational facilities, which include ice and field, food and beverage, sports store, management and consulting, sponsorship and space rental. Within its segment, it includes facilities for adult hockey that cater to both men and women operating under the Adult Safe Hockey League (ASHL) brand. Through its portfolio of partnerships, it is the private sector owner and operator of recreational sports surfaces with 16 sports complexes and over 70 playing surfaces across Canada and the United States, offering a wide array of ice, court, turf and digital sports experiences.

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