BFLY
Quality Rating
Butterfly Network, Inc. (BFLY) operates in the medical technology sector, focusing on portable ultrasound devices. The company demonstrates strong financial compliance with all key Shariah screening ratios well below thresholds. Business activities are permissible, with no non-compliant revenue sources identified. However, due to its small market capitalization, BFLY is not included in major Shariah indices, impacting overall classification. Purification is required at 2.3% for minor interest income.
Purification Required
Moderate purification required - consider carefully
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
- Exclusion from all major Shariah indices due to market size thresholds, despite meeting financial criteria
Debt Ratio
3.8%
Liquidity Ratio
26.3%
Interest Income Ratio
2.3%
Purification
2.30%