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Tue, Jun 16 06:55 PM
Non-Compliant

GNLN

Quality Rating

B
Minimal compliance quality

Greenlane Holdings, Inc. (GNLN), a company in the Tobacco industry, is primarily engaged in developing and distributing cannabis accessories and related products, which are deemed non-compliant with Shariah principles due to their association with intoxicants. Financial screening reveals compliance in debt and income ratios but failure in the liquidity ratio across major standards. The company is not included in any major Shariah-compliant indices, confirming its non-compliant status. Key concerns include the core business activity and excessive liquidity relative to market capitalization. Investors are advised to avoid this stock and consider Shariah-compliant alternatives in the Consumer Defensive sector.

Purification Required
0.42%
minimal

Minimal purification needed for dividend income

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

Debt Ratio

4.4%

Liquidity Ratio

48.4%

Interest Income Ratio

0.0%

Purification

0.42%