CLRO
Quality Rating
CLRO, operating in its industry, exhibits strong financial metrics with debt at 0.72%, liquidity at 1.51%, and non-compliant income at 3.36%, all passing major Shariah thresholds. However, due to its small market capitalization, the company is not included in any major Shariah-compliant indices, leading to a non-compliant overall status per index inclusion criteria. Business activities lack detailed disclosure but appear permissible based on available data. Purification is required for minor interest income, and ESG factors show low risk with resolved minor controversies. Investors should monitor for business evolution and consult scholars for personalized rulings.
Purification Required
Moderate purification required - consider carefully
Index Inclusion
Not included in any major Shariah indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- Absence from major Shariah indices due to market cap and liquidity constraints
- Limited transparency on business activities in unknown sector
- Minor interest income requiring purification
Debt Ratio
0.0%
Liquidity Ratio
1.5%
Interest Income Ratio
3.4%
Purification
3.36%