LMAT
Quality Rating
LeMaitre Vascular, Inc. (LMAT) is a healthcare company specializing in medical devices for peripheral vascular disease treatment. This report evaluates its Shariah compliance across financial ratios, business activities, ESG factors, and index inclusions. While financial screens indicate strong compliance with low debt, liquidity, and impure income levels, the company is not included in major Shariah indices primarily due to market capitalization and liquidity criteria rather than screening failures. Business activities are fully permissible, with no non-compliant revenue sources identified. Overall, LMAT presents a moderate compliance profile suitable for review by Shariah scholars.
Purification Required
Moderate purification required - consider carefully
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
- Exclusion from all major Shariah indices due to size and liquidity thresholds, despite passing financial screens
- Limited transparency on subsidiary operations and detailed debt instruments
Debt Ratio
9.3%
Liquidity Ratio
15.2%
Interest Income Ratio
2.9%
Purification
2.91%