ALBT
Quality Rating
ALBT exhibits significant non-compliance with Shariah standards primarily due to excessive debt and interest income ratios that far exceed established thresholds across AAOIFI, MSCI, and S&P methodologies. While business activities appear permissible based on available data, financial metrics indicate heavy reliance on riba-based financing, rendering the stock unsuitable for Shariah-compliant portfolios without major restructuring. Index exclusions confirm this assessment, with no inclusion in major Islamic indices. Purification requirements are impractical due to ratios exceeding 100%, and ESG factors show low risk but do not offset financial concerns. Investors are advised to avoid or monitor for improvements in balance sheet health.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Excluded from all major Shariah indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- Debt Ratio: 171.68% (threshold: 30%)
- Interest Income Ratio: 223.16% (threshold: 5%)
Debt Ratio
171.7%
Liquidity Ratio
28.5%
Interest Income Ratio
223.2%
Purification
0.00%