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Thu, May 14 03:06 PM
Non-Compliant

HCTI

Quality Rating

B
Minimal compliance quality

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
10.31%
significant

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

Debt Ratio

1.3%

Liquidity Ratio

11.8%

Interest Income Ratio

10.3%

Purification

10.31%