GCTS
Quality Rating
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
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
- High debt ratio of 67.58% exceeds 30-33% thresholds
- Interest income ratio of 13.01% exceeds 5% limit
- Exclusion from all major Shariah indices due to financial screening failures
Debt Ratio
67.6%
Liquidity Ratio
1.4%
Interest Income Ratio
13.0%
Purification
13.01%