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NASDAQ: Open
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Shanghai: Closed
Thu, Apr 2 06:48 PM
Non-Compliant

NVNI

Quality Rating

B
Minimal compliance quality

The Shariah compliance analysis for NVNI reveals significant challenges in meeting key financial screening criteria, primarily due to elevated debt and interest income ratios that exceed established thresholds across major standards. While non-permissible business income is estimated at 0%, the overall financial structure raises concerns regarding riba exposure. Business activities in its industry show no clear non-compliant elements, but insufficient data limits definitive assessment. Index inclusion research confirms exclusion from all major Shariah indices, leading to a non-compliant classification. Investors are advised to monitor financial improvements and consult scholars for purification guidance.

Purification Required
44.07%
significant

Significant purification required - exercise caution

Index Inclusion

Not included in S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, or Dow Jones Islamic Market (DJIM)

Key Compliance Considerations

Debt Ratio

2.3%

Liquidity Ratio

0.0%

Interest Income Ratio

0.0%

Purification

44.07%