ALIT
Quality Rating
Alight Inc. (ALIT) operates in the human capital technology and services sector, providing cloud-based HR solutions. While its core business activities are permissible under Shariah principles, the company's high debt-to-market capitalization ratio of 86.53% significantly exceeds standard thresholds, leading to non-compliance across major screening methodologies. Interest income at 1.24% is below limits, and no non-permissible revenue streams were identified. Index inclusion research confirms exclusion from all major Shariah indices due to financial ratios. Overall, ALIT is classified as non-compliant, with a compliance quality rating of B, recommending monitoring for potential deleveraging.
Purification Required
Moderate purification required - consider carefully
Index Inclusion
Excluded from all major Shariah indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- High debt ratio (86.53%) exceeding all thresholds
- Potential risks from business model evolution in HR tech
Debt Ratio
86.5%
Liquidity Ratio
9.0%
Interest Income Ratio
1.2%
Purification
1.24%