ARTL
Quality Rating
ARTL, operating in its industry, demonstrates strong financial ratios with low debt (2.87%) and adequate liquidity (22.56%), but insufficient data on income sources and primary business activities in cannabinoid therapeutics raise significant Shariah compliance concerns. The company fails business activity screening due to involvement in potentially haram substances, leading to non-compliance across major indices. While financial metrics support compliance, qualitative business review dominates the assessment. Purification is not required based on available data, but investors should monitor for updates. Overall, ARTL is not recommended for Shariah-compliant portfolios without further scholarly review.
Purification Required
Minimal purification needed for dividend income
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
- Business activity in cannabinoid therapeutics classified as non-compliant due to association with intoxicants
- Insufficient data on interest and non-permissible income ratios
- Exclusion from all major Shariah indices due to business screening failure
Debt Ratio
0.0%
Liquidity Ratio
0.0%
Interest Income Ratio
0.0%
Purification
0.00%