Vatic Ventures Corp

VCV.V

Compliant
Exchange
Sector
Headquarters
Group
TSE
Basic Materials
Canada
Micro Cap

Vatic Ventures Corp is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

-

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
$0.00
0.00%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
0.00%
0.00%
0.00
0.02
0.00%

Shariah Compliance

Debt
25.39%
Non-Compliant Assets
Impure Income
0.00%
-

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
13.05%
Impure Income
0.00%
-

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
18.75%
Impure Income
0.00%
-

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
79.18%
Cash
0.07%
Cash & AR
0.07%
Impure Income
0.00%
-

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
79.18%
Cash
0.07%
Cash & AR
0.07%
Impure Income
0.00%
-

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

Vatic Ventures Corp. is a Canada-based mineral exploration and development company focused on developing high-value properties. The Company has an option to acquire a 100% interest in the Solonopole South and North Lithium Properties in Brazil and has an option to acquire an 80% interest in the Opuwo Copper Property in Namibia. The Solonopole South and North Lithium Properties are located in the Solonopole pegmatite district of Ceara State, Northeast Brazil, approximately 40 kilometers from the city of Solonopole, in an active mining area. The Opuwo is a prospective copper Property located in Namibia. It also has an option to acquire the Hansen prospect located in the Chibougamau area of northern Quebec (the Hansen Property) and an option to acquire a 100% interest in a Rare Earth Elements (REE) and polymetallic claims package known as the Sister’s Mountain prospect (the Property), located in Southwestern New Brunswick.

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