ReVolve Renewable Power Corp

REVV.V

Not Compliant
Exchange
Sector
Headquarters
Group
TSX
Utilities
Canada
Micro cap

ReVolve Renewable Power Corp is not Shariah Compliant because it fails the financial ratios.

2.71%

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
375.18%
33.96%
34.74%
0.00
0.84
0.00%

Shariah Compliance

  • Updated on April 14, 2025
Debt
100%
✗
Non-Compliant Assets
21.32%
✓
Impure Income
2.71%
✓

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
67.61%
✗
Impure Income
2.71%
✓

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
71.25%
✗
Impure Income
2.71%
✓

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
64.08%
✗
Cash
10.15%
✓
Cash & AR
13.19%
✓
Impure Income
2.71%
✓

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
64.08%
✗
Cash
10.15%
✓
Cash & AR
13.19%
✓
Impure Income
2.71%
✓

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
2.71%

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

Revolve Renewable Power Corp. is a Canada-based owner, operator and developer of renewable energy projects in North America focusing on wind, solar and battery storage technologies. The Company has two business divisions: the utility scale renewable power division which operates and develops wind, solar, hydro and battery storage projects located across the US, Canada and Mexico and the distributed generation division which develops, owns and operates distributed generation (typically less than 20MW per project) behind the meter wind, solar, battery storage and energy efficiency projects in Mexico, the US and Canada. The Company has a total portfolio of approximately 11 MW (net) of operating assets and covers wind, solar, battery storage and hydro generation; a 3MW CHP project and a 0.45MW rooftop solar project that are both under construction, and a diverse portfolio of development projects across the United States, Canada and Mexico with a combined capacity of over 3,000 MWs.

Found the Stock You’re Looking For? Open an Account Today!

Opening an account has never been easier! Please fill out the form here and an advisor will be in touch to walk you through the process!

Still have some further questions?

Schedule a Free Consultation