BIRD
Quality Rating
Allbirds, Inc. (BIRD) is undergoing a significant business transformation from footwear and apparel to an AI compute infrastructure provider, focusing on GPU-as-a-Service offerings. This report evaluates its Shariah compliance across financial, business activity, ESG, and multi-perspective dimensions. While the core AI infrastructure business is permissible under Shariah principles, the company fails key financial screening criteria due to high debt and liquidity ratios. No inclusion in major Shariah indices confirms non-compliance status. Investors should monitor the debt reduction post-transition and consider purification for any dividends received.
Purification Required
Moderate purification required - consider carefully
Index Inclusion
Not included in any major Shariah indices (S&P, MSCI, FTSE, DJIM).
Key Compliance Considerations
- Debt Ratio: 78.61% (exceeds AAOIFI 30%, MSCI 33.33%, S&P 33% thresholds)
- Liquidity Ratio: 70.37% (exceeds all major thresholds)
Debt Ratio
78.6%
Liquidity Ratio
70.4%
Interest Income Ratio
1.1%
Purification
1.12%