JELD
Quality Rating
JELD-WEN Holding, Inc. (JELD) operates in the building products sector, manufacturing doors and windows, which is generally permissible under Shariah principles. However, severe financial ratio failures, particularly the debt-to-market cap ratio of 303.43%, lead to non-compliance across standards. While income ratios are acceptable, the company is excluded from all major Shariah indices due to leverage issues. Purification is required for non-compliant income, and investors should monitor deleveraging efforts.
Purification Required
Moderate purification required - consider carefully
Index Inclusion
Not included in any of the four major Shariah-compliant indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, or DJIM.
Key Compliance Considerations
- Debt ratio: 303.43% exceeds all thresholds (AAOIFI 30%, MSCI/SP 33%)
- Liquidity ratio: 30.58% borderline, fails AAOIFI (30%) but passes MSCI/SP (33%)
Debt Ratio
303.4%
Liquidity Ratio
30.6%
Interest Income Ratio
4.6%
Purification
4.64%