LSH
Quality Rating
LSH, operating in its industry, exhibits significant Shariah compliance challenges primarily due to a high debt-to-market capitalization ratio of 60.38%, exceeding thresholds across major standards. While liquidity and income ratios meet requirements, the absence of inclusion in any major Shariah indices confirms non-compliance. Business activities require further scrutiny due to limited data, but no evident non-permissible revenue streams. Purification is minimal at 0.08% for incidental interest income. Investors should monitor deleveraging efforts for potential future compliance.
Purification Required
Minimal purification needed for dividend income
Index Inclusion
Not included in any of the four major Shariah-compliant indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, or Dow Jones Islamic Market.
Key Compliance Considerations
- High debt ratio of 60.38% exceeds all financial screening thresholds (AAOIFI: 30%, MSCI: 33.33%, S&P: 33%)
- Insufficient transparency on business activities and subsidiaries in unknown sector
Debt Ratio
60.4%
Liquidity Ratio
15.5%
Interest Income Ratio
0.0%
Purification
0.08%