IONQ
Quality Rating
IONQ, Inc., a quantum computing technology company operating in its industry and sector, demonstrates permissible core business activities focused on scientific research and development. However, its financial profile is marred by a significantly elevated interest income ratio of 59.24%, far exceeding the 5% threshold across all major Shariah screening standards, leading to non-compliance in financial ratios. The company maintains low debt levels (0.16%) and negligible non-permissible income from prohibited activities (0%), but the interest income issue dominates the assessment. No inclusion in major Shariah-compliant indices confirms the overall NON_COMPLIANT status. Investors may consider purification for any impure income, though the high ratio suggests caution or avoidance pending financial improvements.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, or Dow Jones Islamic Market (DJIM)
Key Compliance Considerations
- Interest income ratio of 59.24% exceeds 5% threshold across AAOIFI, MSCI, and S&P standards
- Persistent high interest relative to low revenue in technology development phase
Debt Ratio
0.0%
Liquidity Ratio
0.0%
Interest Income Ratio
0.0%
Purification
59.24%