Arizona Metals Corp

AMC.TO

Compliant
Exchange
Sector
Headquarters
Group
TSE
Basic Materials
Canada
Micro Cap

Arizona Metals Corp is Shariah Compliant. It passes 2/5 Shariah standards we screen against.

4.01%

Impure Income*

$0.000

Purification*

$0.003

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
HOLD
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
10.98
15.38%

Shariah Compliance

Debt
Non-Compliant Assets
36.82%
Impure Income
4.01%

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
4.01%

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
4.01%

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
88.82%
Cash & AR
88.82%
Impure Income
4.01%

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
88.82%
Cash & AR
88.82%
Impure Income
4.01%

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
4.01%

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

Arizona Metals Corp. is a Canada-based mineral exploration company focusing on the exploration and development of mineral resource properties in Arizona. The Company owns, through its wholly owned subsidiaries, 100% of the Kay Mine Project (Kay Mine Project), located in Yavapai County, Arizona, United States, and 100% of the Sugarloaf Peak Gold Project (Sugarloaf Peak Project), located in La Paz County, Arizona, United States. The Company owns 100% of the Kay Mine Project in Yavapai County, which is located on 1669 acres of patented and BLM mining claims and 193 acres of private land that are not subject to any royalties. The Kay Project is a steeply dipping VMS deposit that has been defined from a depth of 60 meters (m) to at least 900 m. The Company also owns 100% of the Sugarloaf Peak Project in La Paz County, which is located on 4,400 acres of BLM claims. The Company’s wholly owned subsidiaries include Croesus Gold USA Corp., Kay Mine USA Corp., and others.

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