FOUR
Quality Rating
Shift4 Payments, Inc. (FOUR) operates in the Software - Infrastructure industry, providing payment processing and technology solutions. While its core business activities are generally permissible under Shariah principles, the company's financial ratios, particularly the debt ratio of 36.58%, result in non-compliance across major screening standards. No significant non-compliant revenue streams were identified, but purification of 3.73% is required for incidental interest income. The stock is excluded from all major Shariah indices due to leverage concerns. Overall, it is classified as NON_COMPLIANT, with a compliance quality rating of B.
Purification Required
Moderate purification required - consider carefully
Index Inclusion
Excluded from all major Shariah indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- Debt Ratio: 36.58% exceeds thresholds across AAOIFI (30%), MSCI (33.33%), and S&P (33%)
- Potential incidental non-compliant income from financial integrations requiring purification
Debt Ratio
36.6%
Liquidity Ratio
18.5%
Interest Income Ratio
3.7%
Purification
3.73%