CD
Quality Rating
Chaince Digital Holdings Inc. (CD), a US-based fintech company specializing in AI infrastructure, blockchain, and digital assets, undergoes Shariah compliance screening revealing challenges primarily from high interest income and conventional financial services. While debt and liquidity ratios are favorable, the interest income ratio of 41.63% exceeds permissible thresholds, necessitating significant purification. Business activities in broker-dealer services raise riba concerns, though core technology offerings may align with Islamic principles under certain interpretations. No inclusion in major Shariah indices confirms non-compliance status. Investors should consider alternatives in the technology sector with stronger compliance profiles.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in any major Shariah indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- High interest income ratio (41.63%) exceeding 5% threshold across standards
- Conventional broker-dealer and investment advisory services involving riba
- Potential gharar in digital asset solutions
Debt Ratio
0.0%
Liquidity Ratio
4.8%
Interest Income Ratio
41.6%
Purification
41.63%