FGL
Quality Rating
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
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
- Excessive debt ratio (365.2%) exceeding all thresholds
- High liquidity ratio (132.31%) indicating potential interest-bearing assets
- Lack of detailed business activity data for full screening
Debt Ratio
365.2%
Liquidity Ratio
132.3%
Interest Income Ratio
0.0%
Purification
0.05%