FUFU
Quality Rating
BitFuFu Inc. (FUFU), a Singapore-based provider of digital asset mining and cloud-mining services, faces significant Shariah compliance challenges primarily due to an elevated interest income ratio and the speculative nature of cryptocurrency activities. While debt and liquidity ratios are well within thresholds, the 14.11% impure income exceeds the 5% limit across major standards, resulting in non-compliance. The company is excluded from all major Shariah indices, reflecting concerns over business model and financial purity. Purification of 14.11% is required for dividends, and investors should monitor crypto regulatory developments. Overall, the stock receives a BBB rating, indicating moderate compliance with notable risks in income sources and sector ethics.
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
- Interest income ratio of 14.11% exceeds 5% threshold
- Cryptocurrency mining raises gharar and maysir concerns
- Exclusion from all major Shariah indices
Debt Ratio
6.3%
Liquidity Ratio
3.3%
Interest Income Ratio
14.1%
Purification
14.11%