LYRA
Quality Rating
Lyra Therapeutics, Inc. (LYRA) is a clinical-stage biotechnology company developing anti-inflammatory therapies for chronic rhinosinusitis. While its core business activities are Shariah-compliant, the financial screening reveals significant non-compliance due to an exceptionally high interest income ratio of 192.44%, exceeding all standard thresholds. Debt and liquidity ratios are compliant, and no non-permissible business activities were identified. Index inclusion research confirms exclusion from all major Shariah indices. Overall, the company is classified as non-compliant, with a B quality rating reflecting strong business permissibility but critical financial concerns.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in any major Shariah indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- Interest Income Ratio: 192.44% (threshold: 5%)
Debt Ratio
21.8%
Liquidity Ratio
20.7%
Interest Income Ratio
192.4%
Purification
0.00%