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Fri, May 1 06:57 PM
Non-Compliant

CBIO

Quality Rating

BB
Fair compliance quality

CBIO, a biopharmaceutical company in its industry, demonstrates strong financial compliance with Shariah screening criteria, passing all major ratio thresholds under AAOIFI, MSCI, and S&P standards. However, due to its small market capitalization and low liquidity, it is not included in any major Shariah-compliant indices. The core business activities in rare disease therapeutics are permissible, with no non-compliant revenue identified. Overall, while financially compliant, index exclusion leads to a non-compliant classification for investment purposes. Purification is required for minor interest income exposure.

Purification Required
4.75%
moderate

Moderate purification required - consider carefully

Index Inclusion

Not included in S&P Dow Jones Shariah, MSCI Islamic, FTSE Shariah, or DJIM indices

Key Compliance Considerations

Debt Ratio

0.0%

Liquidity Ratio

0.0%

Interest Income Ratio

0.0%

Purification

4.75%