NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Closed
Shanghai: Closed
Wed, May 20 08:17 PM
Non-Compliant

HYFT

Quality Rating

B
Minimal compliance quality

MindWalk Holdings Corp. (HYFT), a biotechnology firm specializing in AI-driven drug discovery, faces significant Shariah compliance challenges primarily due to a high interest income ratio of 89.28%, which exceeds the 5% threshold across all major standards. While its core business activities in biologics development are permissible, the financial screening criteria result in non-compliance under AAOIFI, MSCI, and S&P methodologies. The company is excluded from all major Shariah indices, leading to an overall non-compliant status. ESG factors are positive with low risk, and no controversies impact compliance. Investors may consider purification of 89.28% for any dividends, but alternatives in the sector are recommended.

Purification Required
89.28%
significant

Significant purification required - exercise caution

Index Inclusion

Excluded from S&P Dow Jones Shariah, MSCI Islamic, FTSE Shariah, and DJIM indices

Key Compliance Considerations

Debt Ratio

29.1%

Liquidity Ratio

29.1%

Interest Income Ratio

89.3%

Purification

89.28%