ERNA
Quality Rating
The Shariah compliance analysis for ERNA reveals significant concerns primarily driven by an extraordinarily high interest income ratio of 4954.47%, which exceeds all standard thresholds for impure income. While debt and liquidity ratios are well within compliant limits and business activities show no non-permissible elements, the interest income issue results in non-compliance across major Shariah indices and authorities. The company operates in its industry with limited public data, necessitating further verification. Overall, ERNA is classified as non-compliant, with a high purification requirement that renders practical investment challenging without substantial adjustments.
Purification Required
Significant purification required - exercise caution
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
- Interest income ratio of 4954.47% far exceeds 5% threshold across all standards
Debt Ratio
2.5%
Liquidity Ratio
1.6%
Interest Income Ratio
4954.5%
Purification
0.02%