COLD
Quality Rating
COLD, operating in its industry, fails key Shariah financial screening criteria primarily due to a high debt ratio of 82.93% exceeding all major thresholds and interest income ratio of 9.01% surpassing the 5% limit. Business activities appear permissible, but financial leverage typical of asset-intensive operations leads to non-compliance. No inclusion in major Shariah indices confirms the overall non-compliant status. Purification of 9.01% is required for any dividends received. Investors should monitor debt reduction efforts and consult scholars for personalized rulings.
Purification Required
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
- High debt ratio (82.93%) exceeding AAOIFI 30%, MSCI 33.33%, and S&P 33% thresholds
- Interest income ratio (9.01%) exceeding 5% limit across all standards
Debt Ratio
82.9%
Liquidity Ratio
0.0%
Interest Income Ratio
9.0%
Purification
9.01%