NYSE: Open
NASDAQ: Open
LSE: Closed
TSX: Open
Nikkei: Closed
Shanghai: Closed
Fri, Oct 9 04:32 PM
Friday, October 9, 2026 4:32:09 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
- Elevated liquidity ratio (75.94%) exceeding thresholds across AAOIFI, MSCI, and S&P standards
- Insufficient data for precise non-permissible income assessment, though estimated at 0%
Debt Ratio
1.9%
Liquidity Ratio
75.9%
Interest Income Ratio
0.0%
Purification
0.00%