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Mon, Apr 20 10:50 PM
Non-Compliant

CAST

Quality Rating

B
Minimal compliance quality

FreeCast, Inc. (CAST), a software application company in the technology sector, operates an online video streaming platform aggregating free and pay-per-view content. The analysis reveals significant Shariah non-compliance primarily due to an extraordinarily high interest income ratio of 338.13%, far exceeding the 5% threshold across all standards, indicating reliance on riba-based sources. Debt and liquidity ratios are negligible at 0%, which is positive, but do not offset the financial impurity. The core business of video streaming is generally permissible if content avoids haram elements, though music videos and games raise questions. Absent from all major Shariah indices, CAST is classified as NON_COMPLIANT with a B quality rating, requiring full purification of any returns.

Purification Required
338.13%
significant

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

Debt Ratio

0.0%

Liquidity Ratio

0.0%

Interest Income Ratio

338.1%

Purification

0.00%