CSTE
Quality Rating
Caesarstone Ltd. (CSTE) operates in the engineered stone manufacturing sector, which is generally permissible under Shariah principles. However, the company's financial metrics, particularly high debt and liquidity ratios relative to market capitalization, result in non-compliance with major Shariah screening standards. No non-permissible income sources were identified, supporting a zero purification requirement. Index inclusion research confirms exclusion from all major Shariah indices due to financial thresholds. Overall, CSTE is assessed as non-compliant, with recommendations for monitoring debt reduction efforts.
Purification Required
Minimal purification needed for dividend income
Index Inclusion
Not included in any major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- Debt ratio of 147.42% exceeds all thresholds (AAOIFI: 30%, MSCI: 33.33%, S&P: 33%)
- Liquidity ratio of 114.95% exceeds all thresholds (AAOIFI: 30%, MSCI: 33.33%, S&P: 33%)
Debt Ratio
147.4%
Liquidity Ratio
115.0%
Interest Income Ratio
0.0%
Purification
0.00%