Halmont Properties Corp

HMT.V

Not Compliant
Exchange
Sector
Headquarters
Group
TSX
Real Estate
Canada
Micro cap

Halmont Properties Corp is not Shariah Compliant because of its involvement in Interest-based Financing and related activities.

32.32%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
0
$0.00
$0.00
$0.00
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
41.95%
92.20%
62.35%
0.00
93.56
0.00%

Shariah Compliance

  • Updated on April 14, 2025
Debt
100%
✗
Non-Compliant Assets
72.08%
✗
Impure Income
32.32%
✗

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
100%
✗
Impure Income
32.32%
✗

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
100%
✗
Impure Income
32.32%
✗

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
37.8%
✗
Cash
17.64%
✓
Cash & AR
17.64%
✓
Impure Income
32.32%
✗

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
37.8%
✗
Cash
17.64%
✓
Cash & AR
17.64%
✓
Impure Income
32.32%
✗

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
32.32%

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

Halmont Properties Corporation invests directly and indirectly in real assets including commercial, residential, institutional, industrial, and forest properties. The real estate includes low-rise office, retail, residential, industrial, and institutional properties. The forestry includes Freehold timberlands and related manufacturing facilities. The financial include medium-term property loans and related advisory services. Its commercial office and retail properties include 221 Yonge Street, Toronto, Ontario and 321 Lakeshore Road, Oakville, Ontario. The Company’s investment in forest properties include 53% equity interest in Haliburton Forest, which owns approximately 100,000 acres of predominantly hardwood freehold timberlands in Haliburton County, Ontario, and approximately 145,000 acres of predominantly softwood freehold timberlands near Timmins, Ontario. It also owns and operates four hardwood sawmills and a 50% partnership interest in a biochar production facility.

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