LGHL
Quality Rating
This report evaluates the Shariah compliance of LGHL, a financial services company in its industry. Key concerns include a high interest income ratio exceeding thresholds, leading to non-compliance across standards, though debt and liquidity ratios are favorable. The company is not included in major Shariah indices, resulting in an overall non-compliant status. Purification is required for any impermissible income, and investors should monitor business model shifts toward Islamic finance.
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 13.79% exceeds 5% threshold across AAOIFI, MSCI, and S&P standards
- Core business activities in conventional financial services involve riba
Debt Ratio
9.9%
Liquidity Ratio
20.5%
Interest Income Ratio
13.8%
Purification
13.79%