ARDX
Quality Rating
Ardelyx, Inc. (ARDX) is a biopharmaceutical company focused on innovative therapies for gastrointestinal and kidney diseases. This report evaluates its Shariah compliance based on financial ratios, business activities, index inclusion, and multi-perspective analysis. While financial screens indicate compliance with key thresholds, the absence of inclusion in major Shariah indices results in an overall non-compliant status. Purification is required for minor interest income, and ESG factors align well with Islamic principles. Investors should monitor for potential index eligibility as the company grows.
Purification Required
Moderate purification required - consider carefully
Index Inclusion
Not included in S&P Dow Jones Shariah, MSCI Islamic, FTSE Shariah, or DJIM indices
Key Compliance Considerations
- Absence of inclusion in major Shariah indices due to market cap and liquidity criteria
- Interest income ratio of 4.82%, requiring purification
Debt Ratio
12.7%
Liquidity Ratio
17.5%
Interest Income Ratio
4.8%
Purification
4.82%