AMWL
Quality Rating
American Well Corporation (AMWL), a telehealth services provider, undergoes Shariah compliance screening revealing non-compliance primarily due to an excessively high liquidity ratio indicating significant interest-bearing asset exposure. While debt levels are low and the core business in digital healthcare is permissible, financial metrics fail key thresholds across standards. No major business activity concerns exist, but purification is required for minor interest income. Index exclusion reinforces the non-compliant status, with recommendations for monitoring liquidity management improvements.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, or Dow Jones Islamic Market (DJIM).
Key Compliance Considerations
- Liquidity ratio of 198.27% exceeds 30-33% thresholds across AAOIFI, MSCI, and S&P standards
Debt Ratio
6.5%
Liquidity Ratio
198.3%
Interest Income Ratio
5.2%
Purification
5.21%