Tenth Avenue Petroleum Corp

URXZF

Compliant
Exchange
Sector
Headquarters
Group
TSE
Energy
Canada
Micro cap

Tenth Avenue Petroleum Corp is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

-

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
5.77%
-44.73%
-60.84%
0.00
0.45
0.00%

Shariah Compliance

  • Updated on July 26, 2025
Debt
3.76%
✓
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
2.32%
✓
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
3%
✓
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
2.05%
✓
Cash
0.75%
✓
Cash & AR
4.28%
✓
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
2.05%
✓
Cash
0.75%
✓
Cash & AR
4.28%
✓
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
-

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

Tenth Avenue Petroleum Corp. is a Canada-based junior oil and gas exploration and production company with operations in Alberta. The Company is engaged in the exploration, development and production of crude oil and natural gas properties in western Canada. Its operations include Murray Lake, Vulcan, Patricia / Dinosaur, Swan Hills Unit#1, Hays and Bow Island. The Company has a 100% working interest (WI), consisting of producing Sunburst oil wells, 7-36 facility, water source wells, and injection wells, all located in Murray Lake. The Vulcan is located between the cities of Calgary and Lethbridge on Hwy 23, where the Company owns 100% WI, consisting of five producing oil wells and a multiwell oil facility. It owns certain oil and gas assets in the Patricia area located northeast of Brooks, Alberta. The assets comprise a non-operated 49% Unit Participation plus 25% working interest in eight non-unit wells in southern Alberta with 10,240 net acres.

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