Xander Resources Inc

XND.V

Compliant
Exchange
Sector
Headquarters
Group
TSE
Basic Materials
Canada
Micro cap

Xander Resources Inc is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

0.79%

Impure Income*

-

Purification*

$0.005

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
0.00%
0.00%
0.00%
0.00
1.51
0.00%

Shariah Compliance

Debt
Non-Compliant Assets
5.94%
Impure Income
0.79%

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
Impure Income
0.79%

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
Impure Income
0.79%

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
Cash
3.19%
Cash & AR
3.19%
Impure Income
0.79%

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
Cash
3.19%
Cash & AR
3.19%
Impure Income
0.79%

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
0.79%

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

Xander Resources Inc. is a Canadian mineral acquisition and exploration company. The Company is focused on developing gold and battery metal properties within Canada. Its projects include Val D’Or Gold Camp-Senneville Properties, and Timmins Nickel Project-CNC Property. The Senneville Claim Group comprises of three contiguous properties totaling 171 claims referenced as Senneville South nine claims, Senneville West around 80 claims, and Senneville East around 62 claims. The Senneville East claims are located in the eastern part of the Abitibi Greenstone Belt. It has two separate properties that make up the Timmins-Nickel Claim Group. The two properties comprise over 393 claims with around 343 claims, to the west of the Canada Nickel’s Crawford Main Resource and over 50 claims in the South. The Company has three separate properties that make up the Senneville Claim Group in the Val-d’Or gold camp within the Abitibi Greenstone Belt.

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