MGRX
Quality Rating
This report provides a detailed Shariah compliance analysis for MGRX, highlighting significant concerns primarily driven by an excessively high interest income ratio of 119.34%, which exceeds all standard thresholds. Despite compliant debt and liquidity ratios, the non-compliant income renders the company non-compliant across major Shariah standards. The company is not included in any major Shariah indices, confirming its non-compliant status. Business activities remain under review due to insufficient data, but financial metrics dominate the assessment. Investors are advised to monitor for improvements in income purity and consult scholars for personalized guidance.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in any major Shariah-compliant indices: S&P Dow Jones Shariah, MSCI Islamic, FTSE Shariah, or DJIM.
Key Compliance Considerations
- Interest income ratio of 119.34% significantly exceeds the 5% threshold across AAOIFI, MSCI, and S&P standards
- Insufficient data on business activities and subsidiaries increases uncertainty
- High purification requirement of 119.34% indicates substantial impure income that cannot be fully mitigated
Debt Ratio
0.0%
Liquidity Ratio
0.0%
Interest Income Ratio
119.3%
Purification
0.00%