Verde Resources Inc

VRDR

Compliant
Exchange
Sector
Headquarters
Group
OTC
Basic Materials
USA
Micro Cap

Verde Resources Inc is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

2.06%

Impure Income*

$0.000

Purification*

$0.000

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
0
$0.00
0
65897.85%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-4520.97%
-3590.80%
1.84
2.01
0.00%

Shariah Compliance

Debt
Non-Compliant Assets
Impure Income
2.06%

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
2.06%

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
2.06%

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
5.47%
Cash & AR
6.66%
Impure Income
2.06%

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
5.47%
Cash & AR
6.66%
Impure Income
2.06%

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
2.06%

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

Verde Resources, Inc. is a road construction and building materials company. The Company, by integrating biochar, a highly effective carbon sequester and performance enhancer, facilitates the industry’s seamless Transition to Zero. The Company develops advanced materials that reduce the carbon footprint of infrastructure projects, delivering carbon-negative solutions for road construction using biochar and proprietary soil stabilization enzymes. The Company operates in three segments: Trading of building materials and renewable commodities, Holding of real property, and Licensor of proprietary pyrolysis technology. It uses blockchain technology to track every step of its product lifecycle. This enables precise measurement of carbon reductions. Its subsidiaries include Verde Resources Asia Pacific Limited, Verde Resources (Malaysia) Sdn Bhd, Verde Renewables, Inc., Verde Life Inc., The Wision Project Sdn Bhd, and Verde Estates LLC.