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Fri, Jul 17 08:07 PM
Non-Compliant

FTCI

Quality Rating

B
Minimal compliance quality

FTC Solar, Inc. (FTCI) is engaged in the development and provision of solar tracker systems, software, and engineering services, a sector aligned with Shariah principles of environmental stewardship. However, the company's financial profile reveals significant non-compliance due to an elevated interest income ratio of 43.12%, surpassing the 5% threshold across all major screening standards. Debt and liquidity ratios remain compliant, and business activities are free from non-permissible elements. The stock is excluded from all major Shariah indices, leading to an overall non-compliant status. Investors should consider purification requirements and monitor future financial improvements for potential compliance.

Purification Required
43.12%
significant

Significant purification required - exercise caution

Index Inclusion

Not included in any of the major Shariah-compliant indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, or Dow Jones Islamic Market.

Key Compliance Considerations

Debt Ratio

15.3%

Liquidity Ratio

8.1%

Interest Income Ratio

43.1%

Purification

43.12%