BTDR
Quality Rating
Bitdeer Technologies Group (BTDR), a cryptocurrency mining company, undergoes comprehensive Shariah compliance screening revealing non-compliance primarily due to high interest income ratio and speculative business activities. Financial ratios show compliant debt (10.58%) and liquidity (13.42%) levels but fail on interest income (14.33% > 5% threshold). Business screening identifies cryptocurrency mining as non-permissible due to gharar and maysir elements. No inclusion in major Shariah indices confirms overall non-compliance. Investors should consider purification of 14.33% for any dividends and consult scholars for personalized rulings.
Purification Required
Significant purification required - exercise caution
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
- Interest income ratio of 14.33% exceeds 5% threshold across standards
- Cryptocurrency mining business model involves excessive gharar and speculation
- Exclusion from all major Shariah-compliant indices
Debt Ratio
10.6%
Liquidity Ratio
13.4%
Interest Income Ratio
14.3%
Purification
14.33%