Collective Mining Ltd

CNL

Compliant
Exchange
Sector
Headquarters
Group
NYSE MKT
Basic Materials
Canada
Micro cap

Collective Mining Ltd is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

4.41%

Impure Income*

$0.000

Purification*

$0.008

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
BUY
$6.95
$3.72
$11.90
2
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
0.00%
0.00%
0.00%
7.26
7.26
0.00%

Shariah Compliance

  • Updated on September 12, 2024
Debt
0.09%
✓
Non-Compliant Assets
0.91%
✓
Impure Income
4.41%
✓

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
0.13%
✓
Impure Income
4.41%
✓

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
0.11%
✓
Impure Income
4.41%
✓

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
0.83%
✓
Cash
95.52%
✗
Cash & AR
95.52%
✗
Impure Income
4.41%
✓

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
0.83%
✓
Cash
95.52%
✗
Cash & AR
95.52%
✗
Impure Income
4.41%
✓

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
4.41%

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

Collective Mining Ltd. is a Canada-based copper, silver, and gold exploration company with projects in Caldas, Colombia. The Company has options to acquire a 100% interest in two projects located directly within an established mining camp with ten fully permitted and operating mines. The Company’s two projects are Guayabales and San Antonio. The Company’s Guayabales project is anchored by the Apollo target, which hosts the bulk-tonnage and high-grade copper-silver-gold Apollo porphyry system. The Guayabales is a Copper, Gold, and Silver Project, which consists of approximately 4,300.16 hectares, situated in the prolific Middle Cauca mineral belt in Colombia, situated along the west side of the Panamerican highway. The San Antonio is also a copper-silver-gold project, which consists of approximately 4,729 hectares, situated four kilometers east of the Company’s Guayabales project and is straddled by the Pan-American highway.

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