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Tue, Jul 7 09:11 PM
Non-Compliant

NGNE

Quality Rating

B
Minimal compliance quality

Neurogene Inc. (NGNE), a clinical-stage biotechnology company developing gene therapies for rare neurological diseases, demonstrates a permissible core business under Shariah principles but faces significant financial screening challenges. High liquidity (75.3%) and interest income ratio (806.59%) driven by pre-revenue status and cash holdings from equity financing lead to non-compliance across major standards. No inclusion in Shariah indices reflects these issues, though the healthcare focus aligns with Islamic values of preserving life. Purification is required for any impure income, and investors should monitor financial maturation post-commercialization. Overall, the stock is non-compliant with moderate quality due to financial concerns.

Purification Required
806.59%
significant

Significant purification required - exercise caution

Index Inclusion

Not included in any of the major Shariah-compliant indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, or Dow Jones Islamic Market.

Key Compliance Considerations

Debt Ratio

3.5%

Liquidity Ratio

75.3%

Interest Income Ratio

806.6%

Purification

8.07%