BURU
Quality Rating
BURU (Nuburu Inc.), operating in its industry, faces significant Shariah compliance challenges primarily from an anomalously high interest income ratio of 14044.1%, far exceeding the 5% threshold across all standards. The debt ratio at 30.03% is borderline, failing AAOIFI but passing MSCI and S&P thresholds. Business activities in laser technology appear permissible with no non-compliant segments identified. Despite low ESG risks and strong governance, financial impurities dominate the assessment. Overall, the stock is non-compliant based on index exclusions, requiring full purification if considered for investment.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in any major Shariah indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- Interest income ratio of 14044.1% exceeds 5% threshold across AAOIFI, MSCI, and S&P standards
- Debt ratio of 30.03% fails AAOIFI's 30% limit but passes others
Debt Ratio
30.0%
Liquidity Ratio
0.0%
Interest Income Ratio
14044.1%
Purification
100.00%