Tuktu Resources Ltd

TUK.V

Compliant
Exchange
Sector
Headquarters
Group
TSX
Energy
Canada
Micro Cap

Tuktu Resources Ltd is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

0.49%

Impure Income*

$0.000

Purification*

$0.000

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
-31.20%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-55.84%
-108.50%
1.15

Shariah Compliance

Debt
7.85%
✓
Non-Compliant Assets
3.44%
✓
Impure Income
0.49%
✓

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
3.56%
✓
Impure Income
0.49%
✓

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
2.85%
✓
Impure Income
0.49%
✓

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
3.61%
✓
Cash
11.53%
✓
Cash & AR
15.59%
✓
Impure Income
0.49%
✓

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
3.61%
✓
Cash
11.53%
✓
Cash & AR
15.59%
✓
Impure Income
0.49%
✓

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
0.49%

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

Tuktu Resources Ltd. is a Canada-based junior oil and gas development company. The Company is engaged in producing oil and gas properties in southern Alberta. It owns a diversified asset portfolio, including sweet natural gas assets and sweet light oil opportunities in the southern foothills. The Company, through three asset transactions, has gathered a large block of developed and undeveloped land harboring at least three light oil targets, a highly fractured sweet gas reservoir, and a proven fractured light oil reservoir at the edge of the foothills belt. Its Deep Basin Light Oil presents numerous near-term light oil exploitation opportunities. It has a 100% owned and operated sweet gas plant. Gas from 2 deviated wells in highly fractured Cretaceous reservoirs is processed at this gas plant. It has also acquired minor light oil production over a Foothills Light Oil structure south of Pincher Creek.

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