HCTI
Quality Rating
HCTI, a healthcare IT company, exhibits low debt and liquidity ratios that pass Shariah financial screens, but its interest income ratio of 10.31% exceeds the 5% threshold across major standards, leading to non-compliance. Core business activities in healthcare technology are permissible, with no non-compliant revenue streams identified. The company is excluded from all major Shariah indices due to financial impurity. Purification of 10.31% is required for dividends, and ESG factors show low risk with positive social impact. Overall, the stock is non-compliant but warrants monitoring for potential improvements in income purity.
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
- Interest/non-compliant income ratio of 10.31% exceeds 5% threshold
- Exclusion from all major Shariah indices
Debt Ratio
1.3%
Liquidity Ratio
11.8%
Interest Income Ratio
10.3%
Purification
10.31%