NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Closed
Shanghai: Closed
Tue, Apr 21 10:55 PM
Non-Compliant

ALBT

Quality Rating

B
Minimal compliance quality

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
223.16%
significant

Significant purification required - exercise caution

Index Inclusion

Excluded from all major Shariah indices (S&P, MSCI, FTSE, DJIM)

Key Compliance Considerations

Debt Ratio

171.7%

Liquidity Ratio

28.5%

Interest Income Ratio

223.2%

Purification

0.00%