MI
Quality Rating
MI, operating in its industry, demonstrates critical financial screening failures across all major Shariah standards, driven by a debt ratio of 133.79%, liquidity ratio of 417.96%, and interest income ratio of 927.10%. Business activities appear permissible with no non-compliant revenue identified, but financial structure raises substantial riba concerns. Exclusion from all Shariah indices confirms non-compliance status. High purification requirement underscores the need for full dividend cleansing. Investors should exercise extreme caution or avoid investment pending financial restructuring.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in any major Shariah indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, or DJIM
Key Compliance Considerations
- Debt ratio exceeds thresholds across all standards
- Excessive interest income ratio (927.10%)
- High liquidity ratio indicating potential interest-bearing assets
Debt Ratio
133.8%
Liquidity Ratio
418.0%
Interest Income Ratio
927.1%
Purification
100.00%