NCTY
Quality Rating
NCTY, operating in its industry, exhibits significant financial non-compliance with key Shariah screening ratios, including high debt, liquidity, and interest income levels. Despite no identified non-permissible business activities, the financial metrics dominate the assessment. Index research confirms exclusion from all major Shariah indices, leading to an overall non-compliant status. Purification is required for the interest income portion, and investors should monitor for improvements in balance sheet management.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in any of the major Shariah-compliant indices: S&P Dow Jones, MSCI, FTSE, or DJIM
Key Compliance Considerations
- Debt ratio: 42.28% exceeds thresholds across all standards
- Liquidity ratio: 89.39% exceeds allowable cash and interest-bearing asset limits
- Interest income ratio: 12.31% surpasses the 5% non-compliant income tolerance
Debt Ratio
42.3%
Liquidity Ratio
89.4%
Interest Income Ratio
12.3%
Purification
12.31%