GLXG
Quality Rating
GLXG operates in the digital asset management space, passing all financial ratio thresholds under AAOIFI, MSCI, and S&P standards. However, its core business involving cryptocurrency trading and mining raises significant Shariah concerns related to gharar (uncertainty) and maysir (gambling). Based on exclusion from all major Shariah indices, the overall compliance status is NON_COMPLIANT. Purification is required for the 2.64% interest income portion. Investors should monitor regulatory developments in crypto for potential shifts in compliance.
Purification Required
Moderate purification required - consider carefully
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
- Cryptocurrency trading and mining activities involve excessive gharar and speculation
- Exclusion from all major Shariah indices due to business model
Debt Ratio
19.0%
Liquidity Ratio
5.1%
Interest Income Ratio
2.6%
Purification
2.64%