NVAX
Quality Rating
Novavax, Inc. (NVAX) is a biotechnology company specializing in vaccine development for infectious diseases, with a core business that aligns with Shariah principles by promoting public health. However, financial screening reveals challenges, particularly a high liquidity ratio exceeding thresholds across major standards, leading to non-compliance in index inclusions. The company's permissible activities and low non-permissible income are positive, but purification is required for minor interest income. Overall, while business activities are compliant, financial metrics result in a non-compliant status per index methodologies. Investors should monitor debt and cash management improvements for potential future compliance.
Purification Required
Minimal purification needed for dividend income
Index Inclusion
Not included in any major Shariah indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, or DJIM
Key Compliance Considerations
- Liquidity Ratio: 60.17% (threshold: 30%)
- Interest Income Ratio: 0.95% (threshold: 5%)
Debt Ratio
18.8%
Liquidity Ratio
60.2%
Interest Income Ratio
0.0%
Purification
0.95%