MARA
Quality Rating
This report evaluates the Shariah compliance of MARA, a company in its industry, based on financial ratios, business activities, ESG factors, and index inclusions as of February 14, 2026. The analysis reveals significant challenges in financial screening due to high debt and interest income ratios, leading to non-compliance across major standards. While the core business of cryptocurrency mining raises scholarly debates on permissibility, it does not constitute a disqualifying non-compliant activity. No inclusion in major Shariah indices confirms the overall non-compliant status, with a low compliance quality rating reflecting these issues. Investors are advised to consider purification for any dividends and consult scholars for personal rulings.
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
- High debt ratio of 47.26% exceeds all thresholds (AAOIFI 33%, MSCI 33.33%, S&P 33%)
- Elevated interest income ratio of 47.29% surpasses the 5% limit across standards
- Absence from all major Shariah-compliant indices due to financial metrics failure
Debt Ratio
47.3%
Liquidity Ratio
3.5%
Interest Income Ratio
47.3%
Purification
47.29%