ATXG
Quality Rating
Addentax Group Corp. (ATXG) operates in the Integrated Freight & Logistics industry, providing services including garment manufacturing, logistics, property management, and epidemic prevention supplies primarily in China and the US. While core business activities are Shariah-compliant, the company fails financial screening due to a high non-compliant income ratio of 78.27%, primarily from interest income, exceeding the 5% threshold across all major standards. Debt and liquidity ratios meet thresholds, but the overall compliance is determined non-compliant based on index exclusions. Purification at 78.27% is required for any dividends, rendering practical investment challenging without significant restructuring.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in any of the major Shariah-compliant indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, or Dow Jones Islamic Market.
Key Compliance Considerations
- High non-compliant income ratio of 78.27% from interest sources
Debt Ratio
29.6%
Liquidity Ratio
23.5%
Interest Income Ratio
78.3%
Purification
78.27%