Turmalina Metals Corp

TBX.CA

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

Turmalina Metals Corp is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

0.27%

Impure Income*

-

Purification*

$0.222

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%
0.3
0.3
0%

Shariah Compliance

  • Updated on September 12, 2024
Debt
✓
Non-Compliant Assets
Impure Income
0.27%
✓

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
0.27%
✓

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
0.27%
✓

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
3.06%
✓
Cash & AR
3.06%
✓
Impure Income
0.27%
✓

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
3.06%
✓
Cash & AR
3.06%
✓
Impure Income
0.27%
✓

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
0.27%

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

Turmalina Metals Corp. is a Canada-based mineral resource company. The Company is engaged in the business of acquiring and exploring mineral resource properties in South America. The Company’s principal property is the San Francisco Project, located in San Juan Province, Argentina, which is comprised of various properties and option agreements. San Francisco Project includes El Tapau, Cerro Negro, Don David, and Santa Barbara. In addition, the Company has an option agreement to acquire a 100% interest in the Chanape Project, located in Peru. The San Francisco project is located in the Calingasta Department in the west-central San Juan Province of Argentina, approximately 130 km northwest from the capital of San Juan. The Chanape Project is located in the western flank of the Western Occidental of Central Peru. The Chanape Project consists of 20 contiguous mining concessions covering a total of 676.99 hectares. Its subsidiaries include Aurora Mining S.A and Aurora Copper Peru S.A.C.

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