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Thu, Apr 2 06:48 PM
Non-Compliant

FRGT

Quality Rating

B
Minimal compliance quality

Freight Technologies, Inc. (FRGT) operates in the logistics technology sector, providing freight management solutions. While its core business activities are Shariah-compliant, the company fails financial screening due to an interest income ratio of 6.97%, exceeding the 5% threshold across major standards. Debt and liquidity ratios are well within limits, and no non-permissible business activities or significant ESG controversies were identified. The stock is excluded from all major Shariah indices, resulting in a non-compliant status. Investors may consider purification of impure income, but overall investment requires scholarly consultation.

Purification Required
6.97%
significant

Significant purification required - exercise caution

Index Inclusion

Not included in any major Shariah indices: S&P Dow Jones, MSCI, FTSE, or DJIM

Key Compliance Considerations

Debt Ratio

20.0%

Liquidity Ratio

2.1%

Interest Income Ratio

7.0%

Purification

6.97%