CVRX
Quality Rating
CVRx, Inc. (CVRX) is a medical technology company focused on neuromodulation devices for treating heart failure. This report assesses its Shariah compliance across financial ratios, business activities, ESG factors, and index inclusions. While the core business is permissible, financial screening reveals concerns with liquidity ratios exceeding thresholds in market cap-based methodologies. No inclusion in major Shariah indices results in an overall non-compliant status. Purification is required for minor interest income, and alternatives in the healthcare sector are recommended for compliant investing.
Purification Required
Moderate purification required - consider carefully
Index Inclusion
Not included in any of the four major Shariah-compliant indices
Key Compliance Considerations
- Liquidity ratio: 44.73% exceeds 30-33% thresholds across standards
- Interest income ratio: 3.63% requires purification though below 5% threshold
Debt Ratio
22.0%
Liquidity Ratio
44.7%
Interest Income Ratio
3.6%
Purification
3.63%