BDRX
Quality Rating
BDRX, operating in its industry, demonstrates strong performance in debt and liquidity ratios but fails critical Shariah screening due to an exceptionally high interest income ratio of 138.85%, far exceeding the 5% threshold across all standards. Business activities in biopharmaceuticals are permissible, with no non-compliant revenue identified. However, exclusion from all major Shariah indices confirms non-compliance status. Investors should note the need for full purification of any dividends received.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Excluded from S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, and Dow Jones Islamic Market (DJIM)
Key Compliance Considerations
- Interest income ratio of 138.85% exceeds 5% threshold, indicating significant riba exposure
- High purification requirement due to impure income dominance
Debt Ratio
0.0%
Liquidity Ratio
0.0%
Interest Income Ratio
1.4%
Purification
0.00%