MGN
Quality Rating
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
Minimal purification needed for dividend income
Index Inclusion
Excluded from all major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- Prohibited gambling activities contributing 70% of revenue
- Non-compliant entertainment and resort services (20% revenue)
- Interest income at 0.08% requiring purification
Debt Ratio
0.0%
Liquidity Ratio
0.0%
Interest Income Ratio
0.0%
Purification
0.08%