Vizsla Silver Corp

VZLA.CA

Not Compliant
Exchange
Sector
Headquarters
Group
Toronto Venture Exchange
Basic Materials
Canada
Small cap

Vizsla Silver Corp is not Shariah Compliant because it fails the financial ratios.

11.28%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Small cap
BUY
$3.18
$2.35
$4.35
4
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
0%
0%
0%
15.51
15.51
0.39%

Shariah Compliance

  • Updated on September 12, 2024
Debt
✓
Non-Compliant Assets
0.99%
✓
Impure Income
11.28%
✗

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
11.28%
✗

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
11.28%
✗

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
16.13%
✓
Cash & AR
16.13%
✓
Impure Income
11.28%
✗

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
16.13%
✓
Cash & AR
16.13%
✓
Impure Income
11.28%
✗

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
11.28%

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

Vizsla Silver Corp. is a Canada-based company. The Company’s principal business activity is the exploration of mineral properties. The Company is engaged in operating Panuco silver-gold project, which is a high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlan. The project’s mineralization occurs as silver sulphides, including argentite and acanthite, native gold, electrum and native silver associated with pyrite, minor galena, sphalerite and chalcopyrite. The Company’s subsidiaries include Canam Alpine Ventures Ltd., Minera Canam S.A. de C.V., Operaciones Canam Alpine S.A. de C.V, Vizsla Royalty Corp., and Canam Royalties Mexico, S.A. de C.V.

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