IRO – Inter-Rock Minerals Inc

Not Compliant

Inter-Rock Minerals Inc is not Shariah Compliant because it fails the financial ratios.

Inter-Rock Minerals Inc. is a Canada-based company engaged in developing minerals and specialty feed additives. The Company operates through two segments: Papillon Agricultural Company Inc. (Papillon) and MIN-AD Inc. (MIN-AD). Papillon segment develops and produces specialty nutritional products for dairy consultants, feed suppliers and dairy producers in the United States. Papillon has its own line of proteins and rumen probiotic products that are produced under toll manufacturing agreements. In addition, Papillon distributes MIN-AD products and a clostridia control product for dairy cows. MIN-AD segment quarries, processes, and markets dolomite and clay products for dairy and beef cattle feed. MIN-AD’s newly developed clay business produces products for use in anti-caking and toxin control applications. MIN-AD’s operations are located in northern Nevada near the town of Winnemucca. MIN-AD’s sales and marketing activities are managed by Papillon.

AAOIFI ✗

Debt ÷ Market cap (MC)48.12
Non-Compliant Assets ÷ MC5.45

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