Safi Silver Corp

SF.V

Compliant
Exchange
Sector
Headquarters
Group
Canadian Ventures Exchange
Basic Materials
Canada

Safi Silver Corp is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

1%

Impure Income*

$0.000

Purification*

$0.007

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

Debt
15.43%
Non-Compliant Assets
Impure Income
1%

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
12%
Impure Income
1%

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
14.97%
Impure Income
1%

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
13.62%
Cash
4.13%
Cash & AR
99.73%
Impure Income
1%

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
13.62%
Cash
4.13%
Cash & AR
99.73%
Impure Income
1%

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
1%

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

Safi Silver Corp., formerly Trigon Metals Inc., is a Canadian exploration company with its core focus on polymetallic silver holdings in southern Morocco. In Morocco, the Company is advancing two exploration projects: Addana, which hosts silver-bearing polymetallic veins, and Silver Hill, a sedimentary copper prospect. In Namibia, it holds the Kalahari Copperbelt Project. The Addana Project lies within the Precambrian to Palaeozoic terranes of Morocco’s Anti-Atlas belt. Its drill program targets structurally controlled vein systems across the 112 km2 permit package. The Silver Hill Project is an early-stage copper-silver exploration project situated in a region well known for copper and silver occurrences. Its property size is 16 km2. The Kalahari Copper Project is located in the Khomas & Omaheke regions, Namibia. It lies on 745,498 hectares along the Kalahari Copper Belt. The Kalahari Copper Belt is a copper-silver province stretching northeast from northern Namibia into Botswana.