NYSE: Open
NASDAQ: Open
LSE: Closed
TSX: Open
Nikkei: Closed
Shanghai: Closed
Wed, Apr 8 07:35 PM
Non-Compliant

FGL

Quality Rating

B
Minimal compliance quality

FGL, operating in its industry, fails key Shariah financial screening criteria due to excessively high debt and liquidity ratios relative to market capitalization. While income-related ratios meet thresholds, the overall financial structure indicates significant riba exposure. Index research confirms exclusion from all major Shariah-compliant indices. Business activities lack sufficient data for comprehensive screening but appear non-problematic based on available information. Investors should consider alternatives in compliant sectors and consult scholars for purification needs.

Purification Required
5%
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

365.2%

Liquidity Ratio

132.3%

Interest Income Ratio

0.0%

Purification

0.05%