Rockridge Resources Ltd

ROCK.CA

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

Rockridge Resources Ltd is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

1.49%

Impure Income*

-

Purification*

$0.001

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%
14.29
14.29
0%

Shariah Compliance

  • Updated on September 12, 2024
Debt
✓
Non-Compliant Assets
Impure Income
1.49%
✓

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
1.49%
✓

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
1.49%
✓

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
3.61%
✓
Cash & AR
3.61%
✓
Impure Income
1.49%
✓

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
3.61%
✓
Cash & AR
3.61%
✓
Impure Income
1.49%
✓

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
1.49%

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

Rockridge Resources Ltd. is a Canada-based mineral exploration company. The Company is focused on the acquisition, exploration and development of mineral resource properties in Canada, specifically copper and gold. The Company’s projects include Knife Lake Project and Raney Gold Project. The Knife Lake Project consists of 82 claims totaling 56,865 hectares (140,516 acres). The Knife Lake Project area is an advanced-stage copper, silver, zinc and cobalt exploration property in Saskatchewan. The Raney Gold Project is located in Ontario, 110 kilometers (km) southwest of the city of Timmins and is accessible by highway and secondary roads. The Raney Gold Project is a gold exploration project located in the same greenstone belt that hosts the Timmins and Kirkland Lake lode gold mining camps.

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