Miami Breeze Car Care Inc

MIBE

Compliant
Exchange
Sector
Headquarters
Group
OTC
Consumer Non-Cyclicals
USA
Micro Cap

Miami Breeze Car Care Inc is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

0.06%

Impure Income*

$0.000

Purification*

$0.001

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
0
$0.00
0
17381.59%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-5451.39%
-5647.28%
0.04
0.09
0.00%

Shariah Compliance

Debt
Non-Compliant Assets
Impure Income
0.06%

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
Impure Income
0.06%

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
Impure Income
0.06%

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
Cash
25.27%
Cash & AR
27.59%
Impure Income
0.06%

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
Cash
25.27%
Cash & AR
27.59%
Impure Income
0.06%

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
0.06%

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

Miami Breeze Car Care Inc. is a developer and distributor of automotive care products. The Company has developed a formula that helps simulate a new car smell. Its segments include Car Care and Gin City. It provides car cleaning spray and leather conditioner. The Car Care segment is engaged in the development and distribution of automotive care products that provide a long-lasting, new car scent. The Gin City segment is engaged in the operations of an adult beverage establishment named Gin City. Formulated to clean and protect all hard interior surfaces, its cleaner lifts dust and grime and leaves a shield of protection from fading, cracking and harmful Ultraviolet (UV) rays. Furthermore, it can be used on dashboards, interior panels and plastic, rubber or vinyl trim. The Company intends to rely on a third-party plant to manufacture its products. The Company also intends to rely on third party suppliers of perfumes and other ingredients required for the formulation of its products.