ELOG
Quality Rating
Eastern International Ltd. (ELOG), a Cayman Islands-incorporated holding company focused on logistics services in China through its subsidiary, demonstrates strong financial metrics aligned with Shariah principles. The core business of domestic and cross-border freight logistics is permissible, with no non-compliant activities identified. However, the company is not included in any major Shariah-compliant indices, leading to an overall non-compliant classification despite passing individual screening criteria. Minor purification is required for interest income, and ESG risks are low with no controversies.
Purification Required
Minimal purification needed for dividend income
Index Inclusion
Not included in S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, or Dow Jones Islamic Market (DJIM)
Key Compliance Considerations
- Absence from major Shariah indices despite compliant financial ratios and permissible business activities
Debt Ratio
20.4%
Liquidity Ratio
3.2%
Interest Income Ratio
0.0%
Purification
0.26%