NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Closed
Shanghai: Closed
Wed, Apr 1 09:29 PM
Non-Compliant

ELAB

Quality Rating

B
Minimal compliance quality

ELAB, operating in its industry, exhibits significant Shariah compliance challenges primarily due to a high liquidity ratio of 39.44% exceeding standard thresholds and an interest income ratio of 87.13% far above permissible limits, necessitating substantial purification. While debt levels are at 0% and non-permissible business income is estimated at 0%, the financial structure raises concerns about riba exposure. The company is excluded from all major Shariah indices, leading to a non-compliant overall status. ESG factors show low risk with positive alignment in governance and social responsibility, but financial metrics dominate the assessment. Investors are advised to monitor for business model shifts and consult scholars for personalized rulings.

Purification Required
87.13%
significant

Significant purification required - exercise caution

Index Inclusion

Excluded from all major Shariah indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, and DJIM.

Key Compliance Considerations

Debt Ratio

0.0%

Liquidity Ratio

39.4%

Interest Income Ratio

87.1%

Purification

87.13%