GNLN
Quality Rating
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
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
- Core business activities involve facilitation of intoxicants through cannabis accessories
- Liquidity ratio of 48.38% exceeds thresholds (AAOIFI 30%, MSCI 33.33%, S&P 33%)
Debt Ratio
4.4%
Liquidity Ratio
48.4%
Interest Income Ratio
0.0%
Purification
0.42%