NCT
Quality Rating
Intercont (Cayman) Limited (NCT), a Marine Shipping company in the Industrials sector, operates global maritime shipping through time chartering and vessel management, with plans for seaborne pulping expansion. The analysis reveals non-compliance primarily due to an interest income ratio of 7.59% exceeding the 5% threshold, despite permissible core business activities and low debt/liquidity ratios (though data insufficient). Exclusion from all major Shariah indices confirms the non-compliant status, with a purification requirement of 7.59% for dividends. ESG factors show medium risk with resolved minor controversies in environmental and labor areas, aligning moderately with Islamic principles. Overall, investors should monitor financial improvements for potential future compliance.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Excluded from S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, and Dow Jones Islamic Market (DJIM)
Key Compliance Considerations
- Interest income ratio of 7.59% exceeds 5% threshold across AAOIFI, MSCI, and S&P standards
- Insufficient data for debt and liquidity ratios, preventing full financial screening
Debt Ratio
0.0%
Liquidity Ratio
0.0%
Interest Income Ratio
7.6%
Purification
7.59%