NYSE: Open
NASDAQ: Open
LSE: Closed
TSX: Open
Nikkei: Closed
Shanghai: Closed
Tue, Apr 7 06:46 PM
Non-Compliant

BGMSP

Quality Rating

B
Minimal compliance quality

BGMSP, operating in its industry, undergoes Shariah compliance screening revealing challenges in liquidity and interest income ratios. While debt levels are exemplary at 9%, the company fails key financial thresholds under AAOIFI due to high cash holdings (32.95%) and interest-derived income (23.26%). Business activities appear permissible based on limited available data, with no non-compliant revenue segments identified. Exclusion from all major Shariah indices underscores overall non-compliance, though regional authorities like Malaysia and Indonesia place it under review with potential for purification. Investors may consider dividend purification but should monitor financials for improvements in income purity.

Purification Required
23.26%
significant

Significant purification required - exercise caution

Index Inclusion

Excluded from all major Shariah indices (S&P, MSCI, FTSE, DJIM)

Key Compliance Considerations

Debt Ratio

9.0%

Liquidity Ratio

33.0%

Interest Income Ratio

23.3%

Purification

23.26%