Norrland Gold Corp

NORR.V

Compliant
Exchange
Sector
Headquarters
Group
TSX
Basic Materials
Canada
Micro cap

Norrland Gold Corp is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

2.42%

Impure Income*

-

Purification*

$0.000

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
0.00%
0.00%
0.00%
0.00
2.69
0.00%

Shariah Compliance

  • Updated on April 14, 2025
Debt
✓
Non-Compliant Assets
13.32%
✓
Impure Income
2.42%
✓

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
2.42%
✓

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
2.42%
✓

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
5.55%
✓
Cash & AR
8.43%
✓
Impure Income
2.42%
✓

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
5.55%
✓
Cash & AR
8.43%
✓
Impure Income
2.42%
✓

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
2.42%

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

Norrland Gold Corp. is a Canada-based company. The Company’s primary business is precious metals exploration and is focused on gold discovery in Sweden. The Company’s Vittantrasket tenement is located in the Gold-line, a region of orogenic gold deposits, such as Barsele and Svartliden. Vittantrasket is a gold prospect. The Vittantrasket tenement covers approximately 3,741 hectares (ha). Its Liljendal REE tenement is located in central Sweden and covers an area of approximately 1,732 ha. The tenement covers around eight kilometers of a major tectonic zone. It also holds a strategic investment in Eversley Resources Pty Ltd., a company holding a number of projects in Western Australia and South Australia. The Company’s subsidiary is Nordmark Exploration AB.

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