NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Closed
Shanghai: Closed
Fri, Apr 24 11:08 PM
Non-Compliant

CTEV

Quality Rating

B
Minimal compliance quality

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
32.43%
significant

Significant purification required - exercise caution

Index Inclusion

Excluded from all major Shariah indices (S&P, MSCI, FTSE, DJIM)

Key Compliance Considerations

Debt Ratio

667.5%

Liquidity Ratio

3.3%

Interest Income Ratio

32.4%

Purification

32.43%