MRNO
Quality Rating
MRNO exhibits severe non-compliance with Shariah financial screening criteria, primarily driven by an extraordinarily high debt ratio of 231.71% and interest income ratio of 268.02%, far exceeding thresholds across AAOIFI, MSCI, and S&P standards. The company's the industry and lack of detailed business activity data limit qualitative assessment, but the financial structure indicates significant riba exposure. ESG analysis reveals high risks from environmental spills, labor incidents, and ongoing corruption investigations, conflicting with Islamic principles of stewardship and justice. Exclusion from all major Shariah indices confirms overall non-compliance, with a low quality rating reflecting critical financial weaknesses. Investors are advised to avoid or monitor closely for restructuring.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Excluded from all major Shariah indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, and Dow Jones Islamic Market.
Key Compliance Considerations
- Debt Ratio: 231.71% (threshold: 30%)
- Interest Income Ratio: 268.02% (threshold: 5%)
Debt Ratio
231.7%
Liquidity Ratio
9.6%
Interest Income Ratio
268.0%
Purification
100.00%