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Thu, Apr 30 06:09 PM
Non-Compliant

ERNA

Quality Rating

B
Minimal compliance quality

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
4954.47%
significant

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

Debt Ratio

2.5%

Liquidity Ratio

1.6%

Interest Income Ratio

4954.5%

Purification

0.02%