Matachewan Consolidated Mines Ltd

MCMa.V

Not Compliant
Exchange
Sector
Headquarters
Group
Canadian Ventures Exchange
Energy
Canada
Micro cap

Matachewan Consolidated Mines Ltd is not Shariah Compliant because it fails the financial ratios.

41.83%

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
168.53%
81.25%
75.24%
0.00
6.26
0.00%

Shariah Compliance

  • Updated on September 24, 2025
Debt
0.03%
✓
Non-Compliant Assets
✓
Impure Income
41.83%
✗

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
0.09%
✓
Impure Income
41.83%
✗

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
0.09%
✓
Impure Income
41.83%
✗

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
0.02%
✓
Cash
30.03%
✓
Cash & AR
30.15%
✓
Impure Income
41.83%
✗

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
0.02%
✓
Cash
30.03%
✓
Cash & AR
30.15%
✓
Impure Income
41.83%
✗

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
41.83%

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

Matachewan Consolidated Mines, Limited is a Canada-based company, which is engaged in the natural resource industry. The Company has investments in petroleum interests, as well as mineral resource properties, all of which are located in Canada. The Company has indirect exposure to other natural resource opportunities by investing in natural resource-based marketable securities and investing in other companies that are listed on recognized exchanges. The Company does not operate any of the interests it has in oil and natural gas.

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