Canlan Ice Sports Corp

ICE.TO

Not Compliant
Exchange
Sector
Headquarters
Group
Canada
Micro cap

Canlan Ice Sports Corp is not Shariah Compliant because it fails the financial ratios.

0.50%

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
7.54%
6.52%
2.98%
0.82
0.84
0.00%

Shariah Compliance

  • Updated on October 23, 2025
Debt
95.63%
✗
Non-Compliant Assets
0.00%
✓
Impure Income
0.50%
✓

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
95.31%
✗
Impure Income
0.50%
✓

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
94.56%
✗
Impure Income
0.50%
✓

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
39.68%
✗
Cash
15.83%
✓
Cash & AR
17.43%
✓
Impure Income
0.50%
✓

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
39.68%
✗
Cash
15.83%
✓
Cash & AR
17.43%
✓
Impure Income
0.50%
✓

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
0.50%

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

Canlan Ice Sports Corp. is a Canada-based company, which is engaged in the operations and ownership of multi-purpose recreation and entertainment facilities. The Company is a private sector owner and operator of recreation facilities in North America. It operates primarily in the sports and recreation industry, with a focus on ice, turf and court sports. The Company’s operations consist of full-service ice rink and recreational facilities. It offers a progressive product line for all ages and skill levels. This includes hockey and staking programs and camps that take its customers through its Play Forward Pathway, Canlan Youth Hockey League, Adult Safe Hockey League (catering to both men and women), Canlan Classic Tournaments, Soccer and Volleyball Leagues and others. The Company owns, leases and/or manages approximately 15 facilities in Canada and the United States with 47 ice surfaces, as well as 10 indoor soccer fields, and 18 hard court surfaces.

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