Ravelin Properties REIT

RPR_u.TO

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

Ravelin Properties REIT is not Shariah Compliant because it fails the financial ratios.

0.21%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
HOLD
$0.36
$0.36
$0.36
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-3.73%
36.45%
-231.79%
0.00
0.05
0.00%

Shariah Compliance

  • Updated on April 14, 2025
Debt
100%
✗
Non-Compliant Assets
100%
✗
Impure Income
0.21%
✓

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
0.21%
✓

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
0.21%
✓

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
87.41%
✗
Cash
4.64%
✓
Cash & AR
4.95%
✓
Impure Income
0.21%
✓

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
87.41%
✗
Cash
4.64%
✓
Cash & AR
4.95%
✓
Impure Income
0.21%
✓

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
0.21%

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

Ravelin Properties REIT is a Canada-based internally managed global owner and operator of commercial real estate assets, with owned properties in Canada, Ireland and United States of America. The Company’s portfolio comprises a mix of office buildings, data centers, industrial, retail, residential rental, surface parking lots, and a hotel. The REIT’s portfolio is primarily comprised of government and credit tenants. Its portfolio of properties includes Citywest Blocks E&F, Ireland; Willow House, Ireland; 250 KING, Canada; West Metro Corporate Centre, Canada; Blackwater House, Ireland; One Gateway, Ireland; Teleflex, Ireland; 20 South Clark, United States; 275 N Field Drive, United States; 120 South LaSalle, United States; and Brunswick Square, Canada.

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