BGMSP
Quality Rating
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
Significant purification required - exercise caution
Index Inclusion
Excluded from all major Shariah indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- High interest income ratio of 23.26% exceeding 5% threshold across all standards
- Liquidity ratio of 32.95% exceeding AAOIFI's 30% threshold
Debt Ratio
9.0%
Liquidity Ratio
33.0%
Interest Income Ratio
23.3%
Purification
23.26%