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Fri, Apr 17 10:24 AM
Non-Compliant

NOTV

Quality Rating

B
Minimal compliance quality

Inotiv, Inc. (NOTV), a provider of drug discovery and development services in the Healthcare sector, demonstrates permissible core business activities focused on medical diagnostics and research. However, severe financial imbalances, including a debt ratio of 618.26% of market capitalization and an interest income ratio of 11.08%, result in non-compliance across all major Shariah screening standards. The company is excluded from all key Shariah indices due to these metrics, despite a compliant liquidity position and no non-permissible revenue sources. Purification of 11.08% is required for any dividends, and ESG factors show medium risk with minor resolved controversies. Overall, NOTV is not suitable for Shariah-compliant portfolios without significant financial restructuring.

Purification Required
11.08%
significant

Significant purification required - exercise caution

Index Inclusion
S&P

Included in 1 major Shariah index

Key Compliance Considerations

Debt Ratio

618.3%

Liquidity Ratio

26.4%

Interest Income Ratio

11.1%

Purification

11.08%