JTAI
Quality Rating
This report provides a detailed Shariah compliance analysis for JTAI, a company in its industry. The assessment covers financial screening, business activities, index inclusion, ESG factors, and multi-perspective views from various Shariah authorities. Key findings indicate non-compliance primarily due to excessive liquidity ratios, despite compliant debt and income metrics. The company's AI-driven aviation technology business is generally permissible, but financial structure raises concerns. Overall, JTAI is classified as NON_COMPLIANT based on index exclusions, with a compliance quality rating of B.
Purification Required
Moderate purification required - consider carefully
Index Inclusion
Not included in any major Shariah-compliant indices
Key Compliance Considerations
- Excessive liquidity ratio of 261.53% exceeds all Shariah thresholds (AAOIFI 30%, MSCI 33.33%, S&P 33%)
- Potential riba exposure from high cash and interest-bearing deposits
Debt Ratio
19.0%
Liquidity Ratio
261.5%
Interest Income Ratio
1.2%
Purification
1.19%