NYSE: Open
NASDAQ: Open
LSE: Closed
TSX: Open
Nikkei: Closed
Shanghai: Closed
Wed, May 13 04:35 PM
Non-Compliant

CSTE

Quality Rating

B
Minimal compliance quality

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
0.00%
minimal

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

147.4%

Liquidity Ratio

115.0%

Interest Income Ratio

0.0%

Purification

0.00%