NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Closed
Shanghai: Closed
Fri, May 15 09:43 PM
Non-Compliant

GCTS

Quality Rating

B
Minimal compliance quality

GCTS, operating in its industry, faces significant Shariah compliance challenges due to a high debt-to-market capitalization ratio of 67.58% and an interest income ratio of 13.01%, both exceeding standard thresholds across major screening methodologies. While liquidity and non-permissible income ratios are compliant, the financial metrics lead to exclusion from all major Shariah indices. Business activities lack detailed disclosure, but no evident non-compliant revenue streams beyond interest. A purification rate of 13.01% is recommended for dividends to address impure income. Overall, the company is classified as non-compliant, with a B quality rating reflecting poor financial alignment despite low ESG risks.

Purification Required
13.01%
significant

Significant purification required - exercise caution

Index Inclusion

Excluded from S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, and Dow Jones Islamic Market (DJIM)

Key Compliance Considerations

Debt Ratio

67.6%

Liquidity Ratio

1.4%

Interest Income Ratio

13.0%

Purification

13.01%