Tearlach Resources Ltd

TEA.V

Compliant
Exchange
Sector
Headquarters
Group
TSE
Basic Materials
Canada
Micro Cap

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

0%

Impure Income*

$0.000

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
$0.00
0.00%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
0.00%
0.00%
0.00
0.94
0.00%

Shariah Compliance

Debt
6.97%
Non-Compliant Assets
Impure Income

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
2.13%
Impure Income

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
5.74%
Impure Income

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
3.66%
Cash
0.09%
Cash & AR
0.84%
Impure Income

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
3.66%
Cash
0.09%
Cash & AR
0.84%
Impure Income

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%

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

Tearlach Resources Limited is a Canadian exploration company engaged in acquiring, exploring and developing lithium projects. Its projects include Savant East Project, Wesley Lithium Project, Harth Lithium Project, Pakwan and Margot Lithium Projects, Shelby Property, Fliszar, Rose North and Muscovite Lithium Properties, Georgina Stairs Properties, Rhyolite Peak, and Long Lake. The Georgina Stairs Project consists of over 585 cell claims and the Georgina East Property comprises of 500 cell claims in Ontario. It has an option agreement to acquire a 100% interest in the Fliszar Lithium and Rose North Lithium properties, which consist of over 116 claims in Quebec. It also has an option agreement to acquire a 100% interest in the Savant East project in Ontario comprised of 6 mining claims. It has staked certain claims (Rhyolite Peak) located in Nevada, United States. It also has an option agreement to acquire 100% of the Long Lake Property, comprised of 18 mining claims in Ontario.

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