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Fri, Oct 9 04:32 PM
Non-Compliant

NVNO

Quality Rating

B
Minimal compliance quality

NVNO, a medical device company in its industry, exhibits strong business activity compliance but faces challenges in financial screening due to elevated liquidity ratios. While debt and income metrics meet Shariah thresholds, the high cash holdings relative to market capitalization lead to non-compliance under major standards. No inclusion in Shariah indices confirms the overall non-compliant status, though purification is not required due to zero non-permissible income.

Purification Required
0.00%
minimal

Minimal purification needed for dividend income

Index Inclusion

Not included in any major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM)

Key Compliance Considerations

Debt Ratio

1.9%

Liquidity Ratio

75.9%

Interest Income Ratio

0.0%

Purification

0.00%