Homeland Uranium Corp

HLU.V

Compliant
Exchange
Sector
Headquarters
Group
TSX
Energy
Canada
Micro Cap

Homeland Uranium Corp is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

3.11%

Impure Income*

$0.000

Purification*

$0.001

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
10.85

Shariah Compliance

Debt
✓
Non-Compliant Assets
✓
Impure Income
3.11%
✓

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
3.11%
✓

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
3.11%
✓

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
26.55%
✓
Cash & AR
26.55%
✓
Impure Income
3.11%
✓

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
26.55%
✓
Cash & AR
26.55%
✓
Impure Income
3.11%
✓

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
3.11%

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

Homeland Uranium Corp. is a Canada-based company, which is United States-focused and resource-bearing uranium explorer and developer. The Company is the 100% owner of the Coyote Basin, Skull Creek and Red Wash uranium projects within the northern portion of the Colorado Plateau in northwestern Colorado. The Colorado Plateau district has been a uranium-producing region of the United States for several decades. The Coyote Basin consists of three Colorado state leases and 808 mineral claims covering an area of 18,405 acres. The Redwash Property is located in northwestern Colorado, immediately east of the Village of Dinosaur, CO and 127 km southwest of Craig, CO, the County seat of Moffat County. The property consists of two Colorado state leases and 699 mineral claims covering 15,313 acres. The Skull Creek Property comprises 154 mining claims all located on federal Bureau of Land Management-administered lands and one single state exploration permit administered by the State of Colorado.

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