CRCL
Quality Rating
CRCL, a fintech company specializing in stablecoin issuance, exhibits strong financial ratio compliance across major Shariah standards, with low debt and liquidity ratios and interest income below thresholds. However, its core business in digital assets raises qualitative concerns regarding speculation and uncertainty in certain regional and scholarly views. Index inclusion in key global Shariah benchmarks supports overall compliance, though purification is required for minor non-compliant income. The company's ESG profile is positive with low risk, aligning well with Islamic principles of stewardship and social responsibility. Investors should monitor evolving fatwas on cryptocurrencies for long-term suitability.
Purification Required
Moderate purification required - consider carefully
Index Inclusion
Included in 2 major Shariah indexes
Key Compliance Considerations
- Historical high interest income ratios (e.g., 93.31% in FY2022), now improved to 3.25%
Debt Ratio
0.0%
Liquidity Ratio
0.0%
Interest Income Ratio
0.0%
Purification
3.25%