EHTH
Quality Rating
eHealth, Inc. (EHTH), a health insurance technology company, faces significant Shariah compliance challenges primarily due to high debt and liquidity ratios that exceed thresholds across major standards. While income ratios meet requirements, the conventional insurance brokerage model raises business activity concerns under stricter interpretations. The company is excluded from all major Shariah indices, leading to a non-compliant overall status. ESG factors are positive with low risk, but financial metrics dominate the assessment. Investors should monitor debt reduction efforts and consider Takaful alternatives.
Purification Required
Moderate purification required - consider carefully
Index Inclusion
Excluded from S&P Dow Jones Shariah, MSCI Islamic, FTSE Shariah, and DJIM indices
Key Compliance Considerations
- High debt ratio of 57.09% exceeding all thresholds (AAOIFI 30%, MSCI/SP 33%)
- Excessive liquidity ratio of 93.17% surpassing limits across standards
- Conventional insurance brokerage potentially involving gharar and riba
Debt Ratio
57.1%
Liquidity Ratio
93.2%
Interest Income Ratio
1.4%
Purification
1.40%