Les Ressources Yorbeau Inc

YRB.TO

Not Compliant
Exchange
Sector
Headquarters
Group
TSE
Basic Materials
Canada
Micro Cap

Les Ressources Yorbeau Inc is not Shariah Compliant because it fails the financial ratios.

64.95%

Impure Income*

$0.000

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
58.29%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-224.65%
60.92%
21.60

Shariah Compliance

Debt
0.13%
Non-Compliant Assets
6.74%
Impure Income
64.95%

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
0.16%
Impure Income
64.95%

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
0.15%
Impure Income
64.95%

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
0.1%
Cash
5.3%
Cash & AR
5.3%
Impure Income
64.95%

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
0.1%
Cash
5.3%
Cash & AR
5.3%
Impure Income
64.95%

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
64.95%

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

Yorbeau Resources Inc. is involved in gold and base metal exploration in Quebec, Canada. It is focusing on seeking a partner to further explore and develop its Scott Lake Zinc copper deposit near Chibougamau, Quebec. It also intends to focus on continuing exploration on its properties in the Detour, Joutel and Selbaie regions of northwestern Quebec. These properties include the Beschefer property which is adjacent to the B-26 base metal deposit and the Selbaie West property adjacent to Soquem (Wagosic property). The Scott Lake property is located approximately 20 kilometer(km) southwest of the city of Chibougamau. The Beschefer property is located about 140 km northwest of LaSarre and 190 km west of Matagami. Its Selbaie West property is located about eight km west of the former Selbaie mine. Its other properties include Allard, Lemoine, Estrades-Caribou, Landrienne, Castagnier, Joutel-Explo Zinc, and Gemini-Turgeon. The Allard property is located about 175 km north of Amos.

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