Absolutely Critical Resources Corp

ABC.V

Not Compliant
Exchange
Sector
Headquarters
Group
Canadian Ventures Exchange
Basic Materials
Canada

Absolutely Critical Resources Corp is not Shariah Compliant because it fails the financial ratios.

-

Impure Income*

$0.000

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
#N/A%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth

Shariah Compliance

  • Updated on July 21, 2026
Debt
45.35%
✗
Non-Compliant Assets
✓
Impure Income

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
100%
✗
Impure Income

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
100%
✗
Impure Income

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
100%
✗
Cash
63.47%
✗
Cash & AR
63.47%
✗
Impure Income

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
100%
✗
Cash
63.47%
✗
Cash & AR
63.47%
✗
Impure Income

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
-

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

Absolutely Critical Resources Corp., formerly AFR NuVenture Resources Inc. is a Canadian mineral exploration company. The Company is focused on the acquisition, exploration, and development of mineral resources. The Company’s projects include the Mary Ann’s Lake Copper/Silver Project in Cape Breton, Nova Scotia and the Massey Nickel/Copper Project in Timmins, Ontario, Canada. The Mary Ann’s Lake Copper/Silver Project comprises approximately 20 claims, each claim being 16 hectares (ha) for a total area of 320 ha (790 acres). The property lies 1500 meters southeast of the Stirling mine. The deposit consisted of numerous poly-metallic massive sulfide lenses. The Massey Nickel/Copper project comprises approximately 2000 ha. The project is situated in the Kamiskotia Complex, host to a number of VMS deposits and nickel sulfide zones. The Company has an option agreement to earn 100% interest in the Massey Nickel/Copper project.