ATOM
Quality Rating
This report evaluates the Shariah compliance of ATOM, a blockchain protocol token in its industry. The analysis reveals significant non-compliance primarily due to an extraordinarily high interest income ratio of 1460%, indicating substantial riba exposure. While debt and liquidity ratios meet thresholds, the income purity failure dominates. ATOM is excluded from all major Shariah indices, confirming non-compliance. Investors should consider purification or avoidance, with alternatives in compliant tech sectors recommended.
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
- Interest income ratio exceeds 5% threshold by a wide margin (1460%)
- Potential gharar in cryptocurrency speculation
- Lack of detailed business activity disclosure for unknown industry
Debt Ratio
1.1%
Liquidity Ratio
16.6%
Interest Income Ratio
1460.0%
Purification
14.60%