PopReach Corp

INIK.CA

Not Compliant
Exchange
Sector
Headquarters
Group
Toronto Venture Exchange
Technology
Canada
Micro cap

PopReach Corp is not Shariah Compliant because it fails the financial ratios.

-

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
BUY
$0.23
$0.22
$0.26
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
26.4%
2.45%
-0.69%
0.78
0.78
0%

Shariah Compliance

  • Updated on September 12, 2024
Debt
100%
✗
Non-Compliant Assets
Impure Income

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
100%
✗
Impure Income

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

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
71.75%
✗
Cash
5.37%
✓
Cash & AR
27.82%
✓
Impure Income

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
71.75%
✗
Cash
5.37%
✓
Cash & AR
27.82%
✓
Impure Income

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
-

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

PopReach Corporation, doing business as Ionik, is a Canada-based data driven marketing technology company focused on assembling a complete suite of advertising, marketing and monetization solutions for brands, advertisers and publishers while building a proprietary data repository. It acquires, optimizes, and scales digital technology businesses providing cross-platform, performance-driven advertising, and data solutions to attract, engage and monetize consumers. Its portfolio includes NotifyAI, a push notification subscription and monetization platform; Q1Media, a digital media advertising services provider, and Contobox, a personalization, eCommerce, and creative advertising technology platform. Its portfolio also includes Ubiquity, an omnichannel marketing network and technology platform; SCS, a brand transformation service provider, and OpenMoves, a business-to-business (B2B) and business to consumer (B2C) performance and growth marketing platform.

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