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Thu, Apr 2 06:51 PM
Non-Compliant

HURA

Quality Rating

BB
Fair compliance quality

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
0.00%
minimal

Minimal purification needed for dividend income

Index Inclusion

Not included in any major Shariah-compliant indices

Key Compliance Considerations

Debt Ratio

0.0%

Liquidity Ratio

4.8%

Interest Income Ratio

0.0%

Purification

0.00%