GIG – XAU Resources Inc

Not Compliant

XAU Resources Inc is not Shariah Compliant because of its involvement in Shell Companies and related activities.

XAU Resources Inc. is a Canada-based capital pool company (CPC). The principal business of the Company is engaged in the identification and evaluation of assets or a business (Qualifying Transaction) and, once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company holds interest in Noseno property. The Noseno property is located in north-western Guyana in one of Guyana’s prospective greenstone belts, approximately 210 kilometers west-northwest of Georgetown, the capital of Guyana.

AAOIFI ✗

Debt ÷ Market cap (MC)0
Non-Compliant Assets ÷ MC

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