Genesis Land Development Corp

GDC.TO

Compliant
Exchange
Sector
Headquarters
Group
TSE
Real Estate
Canada
Micro cap

Genesis Land Development Corp is Shariah Compliant. It passes 2/5 Shariah standards we screen against.

0.34%

Impure Income*

$0.004

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
46.15%
16.52%
10.97%
0.00
0.56
0.00%

Shariah Compliance

  • Updated on April 14, 2025
Debt
75.23%
✗
Non-Compliant Assets
✓
Impure Income
0.34%
✓

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
83.64%
✗
Impure Income
0.34%
✓

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
77.76%
✗
Impure Income
0.34%
✓

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
23.27%
✓
Cash
4.75%
✓
Cash & AR
15.89%
✓
Impure Income
0.34%
✓

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
23.27%
✓
Cash
4.75%
✓
Cash & AR
15.89%
✓
Impure Income
0.34%
✓

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
0.34%

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

Genesis Land Development Corp. is an integrated land developer and residential home builder operating in the Calgary Metropolitan Area (CMA). The Company’s portfolio is primarily residential lands and serviced lots in the CMA. It operates through two segments: land development and home building. As a land developer, the Company acquires, plans, rezones, subdivides, services and sells residential lots and commercial and industrial lands to third party developers and builders, and sells lots and completed homes through a wholly owned subsidiary, Genesis Builders Group Inc. (GBG), its home building division. The land portfolio is planned, developed, serviced and sold as single-family lots and townhouses, multifamily and commercial parcels. GBG designs, builds and sells homes on a significant portion of the Company’s single-family lots and townhouse land parcels. GBG also acquires single-family lots from other land developers to build and sell single-family homes in other CMA communities.

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