Parkit Enterprise Inc

PKT.V

Not Compliant
Exchange
Sector
Headquarters
Group
TSX
Real Estate
Canada
Micro cap

Parkit Enterprise Inc is not Shariah Compliant because it fails the financial ratios.

0.66%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
BUY
$0.49
$0.42
$0.63
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
21.62%
23.62%
-9.43%
0.00
0.13
0.00%

Shariah Compliance

  • Updated on April 14, 2025
Debt
100%
✗
Non-Compliant Assets
1.44%
✓
Impure Income
0.66%
✓

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
92.27%
✗
Impure Income
0.66%
✓

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
100%
✗
Impure Income
0.66%
✓

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
54.16%
✗
Cash
2.07%
✓
Cash & AR
3.18%
✓
Impure Income
0.66%
✓

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
54.16%
✗
Cash
2.07%
✓
Cash & AR
3.18%
✓
Impure Income
0.66%
✓

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
0.66%

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

Parkit Enterprise Inc. offers an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key markets in Canada. In addition, it has parking assets across markets in the United States. Its segments include Industrial properties and Parking properties. The Industrial properties is engaged in the acquisition, management, and growth of industrial real estate in key markets in Canada. The Parking properties is engaged in the acquisition and management of income-producing parking facilities across the United States. Its industrial assets include 1551 Parisien Street, Ottawa, Ontario; 1650 Comstock Rd, Ottawa, Ontario; 1345 Redwood Ave Winnipeg, Manitoba; 5610 Finch Ave East, Toronto, Ontario; 195 Henderson Dr, Regina, Saskatchewan; 961-975 Sherwin Rd, Winnipeg, and others. Its parking assets include Fly-Away Airport Parking, Z Airport Parking, Chapel Square Garage and Canopy Airport Parking Lot.

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