Dixie Gold Inc

DG.V

Compliant
Exchange
Sector
Headquarters
Group
TSE
Basic Materials
Canada
Micro Cap

Dixie Gold Inc is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

-

Impure Income*

-

Purification*

$0.000

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
8.77
0.00%

Shariah Compliance

Debt
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
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
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
Cash
87.16%
Cash & AR
87.16%
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
Cash
87.16%
Cash & AR
87.16%
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

Dixie Gold Inc. is a Canada-based junior exploration company involved in a diverse portfolio of exploration projects across Canada. The Company’s projects include Red Lake, Phoenix Lithium, Soo East Copper and Torp Lithium. The Red Lake Project is situated near Red Lake, Ontario and covers approximately 25,269 hectares (ha) and 1,241 mining claims. The Phoenix Lithium Project is located in Canada’s Northwest Territories, approximately 70km southeast of the Diavik Diamond Mine. The Phoenix Lithium Project hosts the Big Bird and Curlew lithium-rich pegmatites. The Torp Lake Lithium Project covers 1,003 ha and is located only 35km from tidewater in the North Slave region of Nunavut. The Torp Lake Lithium Project hosts the McAvoy lithium-rich pegmatite. The Soo East Copper Project is situated northeast of Sault Ste. Marie, Ontario and, at its formation, comprises a total of 316 mining claims across two sub-project areas covering approximately 6,948 ha.

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