๐ Referee announced for 2026 #SuperCup!
We're pleased to share that Somali referee Omar Artan will officiate the highly anticipated match between PSG and Aston Villa in Salzburg.
You all remember when I screened the Dangote Refinery a while back and told you it was on track to comfortably pass the Islamic equity screen? We have a massive update on that.
Davido earlier, leaked an official application form showing the private placement price is locked in at $0.35 per share, which is about N480. Based on this private leak, financial experts are now gauging that the public IPO will likely be priced between N600 and N800 per share.
Letโs recalculate what this means for our previous screening, using these actual numbers.
1. The Business Activity Screen (Passed): The refinery doesn't deal in interest, gambling, alcohol, or pork.
2. The Financial Ratio Screen (Passed): This is where the leak is crucial for us.
Before now, we used the conservative $40 billion valuation floor alongside the refinery's freshly consolidated $4 billion senior syndicated loan (the one underwritten by Afreximbank and Access Bank). That gave us a debt-to-market value ratio of 10% less than the standard threshold of 33% needed for a stock to be halal.
Now, the leaked share price perfectly cements the targeted market valuation right within the $40 billion to $50 billion range analysts have been projecting. This proves this ratio is now a structural reality.
3. The Revenue & Liquidity Screen (On Track): For a stock to be tradeable, its liquid assets (e.g: interest-bearing cash and receivables) must also remain below the 30% to 33% threshold of its market capitalization or total assets to ensure the company isn't just trading paper money.
With the refinery now fully operational and generating massive commercial cash flows from actual fuel sales, its revenue and asset structure is overwhelmingly dominated by halal trade, thus, keeping any potential purification ratio completely negligible (<5%).
The leaked share price proves that the refinery is sitting in a very safe, compliant position across the board.
For those asking where to put their money to build sustainable, asset-backed halal wealth, this upcoming IPO remains structurally sound and legally compliant.
Keep your eyes on the timeline, and prepare your money. Wealth is coming ๐๐ฟ๐๐ฟ
@CaptJamyl
You are not doing the world a favor for hosting the World Cup.
You bid to host it because of the advantage that comes with hosting it.
You should not deny millions of fans the right to see their countries play the beautiful football.
If you think your national security is at risk, transfer the right to another country to do so.
Football is bigger than you, itโs everyoneโs sport.
I learnt there's a free medical consultation and treatment for pilgrims. So I'd really love to win this for my mom.
She's been battling with a lot of sicknesses like diabetes, blood pressure, gout, ulcer and asthma.
She'll get a chance to perform Umrah and also get free medical check up.
I pray this comment makes it.
May Allah ease our affairs. Amin
My purpose in the game is fulfilled โญ๏ธ
I lived out my childhood dreams, played on the biggest stages, won the biggest trophies. Grateful to God for all of it.
To all my fans, the clubs, my teammates and my family: this will forever be ours. Thank you.
The mission is complete. Now I step into my next calling.
More of the journey to come.
Love,
Divock Origi