HURA
Quality Rating
This report evaluates the Shariah compliance of HURA, the Global X Uranium ETF, focusing on its financial ratios, business activities, index inclusions, and ESG factors. As an ETF tracking uranium mining and production companies, HURA's compliance is assessed at both fund and underlying holdings levels. Financial metrics indicate strong compliance with debt and liquidity thresholds, but insufficient income data leads to review status. No major non-compliant activities are identified, though ESG controversies in holdings warrant purification. Overall, based on index exclusions, the ETF is classified as NON_COMPLIANT, with a BB quality rating.
Purification Required
Minimal purification needed for dividend income
Index Inclusion
Not included in any major Shariah-compliant indices
Key Compliance Considerations
- Insufficient data on non-compliant income from underlying holdings
- ESG controversies in uranium mining operations requiring purification
Debt Ratio
0.0%
Liquidity Ratio
4.8%
Interest Income Ratio
0.0%
Purification
0.00%