CareRx Corp

CRRX.TO

Not Compliant
Exchange
Sector
Headquarters
Group
TSE
Consumer Non-Cyclicals
Canada
Micro cap

CareRx Corp is not Shariah Compliant because it fails the financial ratios.

0.04%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
BUY
$2.72
$1.61
$3.59
7
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-0.20%
2.03%
-1.23%
0.71
0.99
-100.00%

Shariah Compliance

  • Updated on July 26, 2025
Debt
45.14%
✗
Non-Compliant Assets
✓
Impure Income
0.04%
✓

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
56.94%
✗
Impure Income
0.04%
✓

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
63.83%
✗
Impure Income
0.04%
✓

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
36.9%
✗
Cash
5%
✓
Cash & AR
19.51%
✓
Impure Income
0.04%
✓

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
36.9%
✗
Cash
5%
✓
Cash & AR
19.51%
✓
Impure Income
0.04%
✓

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
0.04%

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

CareRx Corporation is a Canada-based provider of pharmacy services to senior living communities. The Company serves approximately 88,000 residents in approximately 1,450 senior and other congregate care communities, including long-term care homes, retirement homes, assisted living facilities, and group homes. It has a network of pharmacy fulfillment centers located across the country. It supports its home care partners by providing solutions for the supply of chronic medication. It uses technology that automates the preparation and verification of multi-dose compliance packaging of medication, providing the safety and adherence for individuals with complex medication regimens. Revicare by CareRx is a distributor of medical supplies and continence care management products to residents in retirement and supportive living communities. The Company works with its home operator partners to promote resident health, staff education, and medication system quality and efficiency.

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