NOTE
Quality Rating
NOTE, operating in its industry, provides policy and market intelligence software services. The company fails multiple Shariah financial screening criteria, particularly due to elevated debt-to-market-cap ratio (145.26%) and interest income ratio (34.92%), both exceeding standard thresholds. Business activities appear permissible with no non-compliant revenue sources identified. Overall, the stock is classified as NON_COMPLIANT based on exclusion from major Shariah indices. A purification rate of 34.92% is recommended for any dividends received, and investors should monitor ongoing deleveraging efforts for potential future compliance.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Excluded from all major Shariah indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- Debt ratio: 145.26% exceeds 30-33% thresholds across standards
- Liquidity ratio: 47.04% exceeds 30-33% thresholds
- Interest income ratio: 34.92% exceeds 5% threshold
Debt Ratio
145.3%
Liquidity Ratio
47.0%
Interest Income Ratio
34.9%
Purification
34.92%