GP
Quality Rating
GreenPower Motor Company Inc. (GP) demonstrates strong financial ratio compliance under AAOIFI, MSCI, and S&P standards, with permissible business activities in electric vehicle manufacturing. However, due to its small market capitalization and low liquidity, it is excluded from major Shariah-compliant indices. Overall purification required is 3.75% for non-compliant income. The company poses low ESG risks aligned with Islamic principles of sustainability. Investors should monitor business evolution in the EV sector.
Purification Required
Moderate purification required - consider carefully
Index Inclusion
Not included in any of S&P Dow Jones Shariah, MSCI Islamic, FTSE Shariah, or DJIM indices
Key Compliance Considerations
- Exclusion from Shariah indices due to small market cap and liquidity requirements
- Low confidence in detailed non-permissible income estimation requiring segment analysis
Debt Ratio
16.6%
Liquidity Ratio
0.0%
Interest Income Ratio
3.8%
Purification
3.75%