Volatus Aerospace Corp

VOL.CA

Compliant
Exchange
Sector
Headquarters
Group
Toronto Venture Exchange
Industrials
Canada
Micro cap

Volatus Aerospace Corp is Shariah Compliant. It passes 4/5 Shariah standards we screen against.

-

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
1
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
0%
-2.94%
-11.78%
2.05
2.44
0%

Shariah Compliance

  • Updated on September 12, 2024
Debt
19.85%
✓
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
22.9%
✓
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
23.33%
✓
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
28.42%
✓
Cash
25.85%
✓
Cash & AR
35.39%
✓
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
28.42%
✓
Cash
25.85%
✓
Cash & AR
35.39%
✗
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

Volatus Aerospace Corp. is a provider of integrated drone solutions throughout North America and Latin America and globally. It serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as research and development (R&D), design, and manufacturing. Through its subsidiary, Volatus Aviation, the Company are introducing green and drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Its professional pilot network of approximately 1,200 certified contract pilots stretches across North America, providing coast-to-coast drone products for existing industries and new use cases. Its services include construction and engineering; infrastructure and telecom; property development and maintenance; environmental forestry wildlife conservation; municipal operations, survey, landfill and gravel, and more.

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