DNA
Quality Rating
Ginkgo Bioworks Holdings, Inc. (DNA) operates in the biotechnology sector, developing cell programming platforms for therapeutics, food ingredients, and chemicals. While its core business activities are Shariah-compliant, the company fails financial screening criteria across major standards due to high debt (77.34%) and liquidity (92.00%) ratios exceeding thresholds. Non-permissible income is minimal at 0.99%, requiring purification. The stock is not included in any major Shariah indices, resulting in an overall non-compliant status. Investors should monitor debt reduction efforts and consider alternatives in the healthcare sector.
Purification Required
Minimal purification needed for dividend income
Index Inclusion
Not included in S&P Dow Jones Shariah, MSCI Islamic, FTSE Shariah, or DJIM indices.
Key Compliance Considerations
- Debt Ratio: 77.34% (exceeds AAOIFI 30%, MSCI 33.33%, S&P 33% thresholds)
- Liquidity Ratio: 92.00% (exceeds all standards' 30-33% thresholds)
Debt Ratio
77.3%
Liquidity Ratio
92.0%
Interest Income Ratio
0.0%
Purification
0.99%