NYSE: Open
NASDAQ: Open
LSE: Closed
TSX: Open
Nikkei: Closed
Shanghai: Closed
Mon, Apr 6 07:10 PM
Non-Compliant

MRNO

Quality Rating

B
Minimal compliance quality

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
100.00%
significant

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

231.7%

Liquidity Ratio

9.6%

Interest Income Ratio

268.0%

Purification

100.00%