Reyna Gold Corp

REYG.CA

Compliant
Exchange
Sector
Headquarters
Group
Toronto Venture Exchange
Basic Materials
Canada
Micro cap

Reyna Gold Corp is Shariah Compliant. It passes 2/5 Shariah standards we screen against.

0.07%

Impure Income*

-

Purification*

$0.002

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
$0
$0
$0
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
0%
0%
0%
0.47
0.47
0%

Shariah Compliance

  • Updated on September 12, 2024
Debt
✓
Non-Compliant Assets
36.62%
✗
Impure Income
0.07%
✓

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
✓
Impure Income
0.07%
✓

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
✓
Impure Income
0.07%
✓

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
✓
Cash
61.85%
✗
Cash & AR
62.03%
✗
Impure Income
0.07%
✓

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
✓
Cash
61.85%
✗
Cash & AR
62.03%
✗
Impure Income
0.07%
✓

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
0.07%

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

Reyna Gold Corp. is a Canada-based company focused on gold exploration in Northwestern Mexico. The Company’s principal business activity is the acquisition and exploration of mineral properties. Its projects include La Gloria, El Durazno, La Centella, and Don Porfirio. The La Gloria project is located within the middle of Mojave-Sonora Megashear, which is a 24,215 hectares (ha) district-scale property. The El Durazno project is a 24,629-ha land package located within Sierra Madre Occidental Gold and Silver Belt. El Durazno is within the old Mulatos Mining District. The exploration targets with in the El Durazno Project include Onapa Target, Cordoon Target, Durazno Target, and La Cueva Target. The La Centella Property consists of about 4,485 ha, in the state of Sonora, Mexico, 60 kilometers northeast of Hermosillo on the southeast part of the Mojave-Sonora Megashear. The Don Porfirio Property is a 3,917-ha land package, which consists of prospective low sulfidation Au-Ag deposits.

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