NYSE: Closed
NASDAQ: Closed
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Shanghai: Closed
Mon, Apr 6 09:23 PM
Non-Compliant

MGN

Quality Rating

BBB
Satisfactory compliance quality

The analysis of MGN indicates non-compliance primarily due to core business activities involving gambling and non-compliant entertainment, which violate Shariah principles against maysir and haram content. Financial ratios are strong with zero debt and low interest income, but business screening overrides quantitative metrics. No inclusion in major Shariah indices confirms the non-compliant status. Purification is required for minor impure income, but the overall business model poses disqualifying risks. Investors should avoid or monitor for potential restructuring.

Purification Required
0.08%
minimal

Minimal purification needed for dividend income

Index Inclusion

Excluded from all major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM)

Key Compliance Considerations

Debt Ratio

0.0%

Liquidity Ratio

0.0%

Interest Income Ratio

0.0%

Purification

0.08%