BTOC
Quality Rating
BTOC, operating in its industry, demonstrates significant Shariah non-compliance primarily driven by an excessively high debt-to-market capitalization ratio of 219.34%, far exceeding all major thresholds. While liquidity and income-related ratios meet compliance standards, the company's involvement in cryptocurrency mining introduces scholarly debates regarding elements of gharar (uncertainty). Exclusion from all major Shariah-compliant indices underscores the overall non-compliant status. Investors should note the low compliance quality rating due to critical financial leverage issues. Purification is required at 0.40% based on interest income.
Purification Required
Minimal purification needed for dividend income
Index Inclusion
Excluded from S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, and Dow Jones Islamic Market (DJIM)
Key Compliance Considerations
- Debt ratio of 219.34% exceeds AAOIFI 30%, MSCI 33.33%, and S&P 33% thresholds
- Cryptocurrency mining activities raise concerns over gharar and speculation
Debt Ratio
219.3%
Liquidity Ratio
8.8%
Interest Income Ratio
0.0%
Purification
0.40%