FRGT
Quality Rating
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
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
- Interest Income Ratio: 6.97% (threshold: 5%)
Debt Ratio
20.0%
Liquidity Ratio
2.1%
Interest Income Ratio
7.0%
Purification
6.97%