CTEV
Quality Rating
CTEV, operating in its industry, faces substantial Shariah compliance hurdles driven by an extraordinarily high debt-to-market-cap ratio of 667.51% and interest income ratio of 32.43%, both exceeding standard thresholds across AAOIFI, MSCI, and S&P methodologies. While non-permissible income from prohibited business activities is estimated at 0%, the financial structure indicates heavy reliance on riba-based financing, disqualifying the company from Shariah-compliant status. Business activities appear permissible based on available data, but insufficient details on subsidiaries and future initiatives warrant caution. Index exclusions confirm non-compliance, with a low quality rating reflecting critical financial weaknesses. Investors should consider purification for any holdings and explore compliant alternatives in similar sectors.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Excluded from all major Shariah indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- Debt Ratio: 667.51% (threshold: 30%)
- Interest Income Ratio: 32.43% (threshold: 5%)
Debt Ratio
667.5%
Liquidity Ratio
3.3%
Interest Income Ratio
32.4%
Purification
32.43%