Nouveau Monde Graphite Inc

NMG

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE
Basic Materials
Canada
Small Cap

Nouveau Monde Graphite Inc is not Shariah Compliant because it fails the financial ratios.

14.79%

Impure Income*

$0.000

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Small Cap
BUY
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
2.42
37.50%

Shariah Compliance

  • Updated on September 22, 2026
Debt
3%
✓
Non-Compliant Assets
2.13%
✓
Impure Income
14.79%
✗

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
4.9%
✓
Impure Income
14.79%
✗

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
4.16%
✓
Impure Income
14.79%
✗

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
3.25%
✓
Cash
78.08%
✗
Cash & AR
78.08%
✗
Impure Income
14.79%
✗

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
3.25%
✓
Cash
78.08%
✗
Cash & AR
78.08%
✗
Impure Income
14.79%
✗

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
14.79%

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

Nouveau Monde Graphite Inc. is a Canada-based integrated company. The Company is engaged in developing responsible mining and advanced processing operations to supply the global economy with carbon-neutral active anode material to power electric vehicle (EV) and renewable energy storage systems. The Company is developing a fully integrated ore-to-battery-material source of graphite-based active anode material in Quebec, Canada. It is advancing the development of its Matawinie graphite property, in which the Company has 100% interest, to produce approximately 106,000 tons per annum (tpa) of graphite concentrate. The Becancour Battery Material Plant is approximately 150 kilometers (km) northeast of Montreal on the Saint Lawrence River. Its Uatnan Mining Project is in the Cote-Nord administrative region, Quebec, Canada, approximately 220 km as the crow flies, north northwest of the closest community, the city of Baie-Comeau.

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