Olive Resource Capital Inc

OC.V

Not Compliant
Exchange
Sector
Headquarters
Group
TSX
Financials
Canada
Micro Cap

Olive Resource Capital Inc is not Shariah Compliant because of its involvement in Investment Management & Fund Operators (NEC) and related activities.

2.94%

Impure Income*

$0.000

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
56.68%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
83.94%
83.76%

Shariah Compliance

  • Updated on September 15, 2026
Debt
✓
Non-Compliant Assets
100%
✗
Impure Income
2.94%
✓

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
2.94%
✓

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
2.94%
✓

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
99.74%
✗
Cash & AR
99.74%
✗
Impure Income
2.94%
✓

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
99.74%
✗
Cash & AR
99.74%
✗
Impure Income
2.94%
✓

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
2.94%

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

Olive Resource Capital Inc. is a Canada-based resource-focused merchant bank and investment company. The Company’s assets consist primarily of investments in natural resource companies in all stages of development. The Company’s portfolio consists of three parts: Liquid & Quantitative Investments, Fundamental Investments, and Merchant Banking. The Liquid & Quantitative positions are focused on liquid resource companies, with the objective of providing liquidity with positive returns to the corporation. The Fundamental Investments are focused on market opportunities where management has identified value dislocations. The Merchant Banking positions focus on value dislocations in the junior resource space and where warranted management takes an active role. Its portfolio consists of public equities, private equities, debt, convertible debt, and warrants. The Company’s subsidiaries are Olive Resource Capital G.P. Ltd., Norvista Capital General Partner Ltd., and Norvista Capital Management