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Fri, Apr 17 01:04 PM
Non-Compliant

NVTS

Quality Rating

B
Minimal compliance quality

Navitas Semiconductor Corporation (NVTS) operates in the semiconductor industry, focusing on gallium nitride (GaN) and silicon carbide (SiC) power chips, which are generally permissible under Shariah principles. However, the company's financial screening reveals non-compliance primarily due to a high interest income ratio of 17.46%, exceeding the 5% threshold across major standards. Debt and liquidity ratios are compliant, and no non-permissible business activities were identified. The stock is not included in any major Shariah indices, leading to an overall non-compliant status. Investors may consider purification of dividends but should monitor improving trends in financial ratios.

Purification Required
17.46%
significant

Significant purification required - exercise caution

Index Inclusion

Not included in any of the major Shariah-compliant indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, or Dow Jones Islamic Market.

Key Compliance Considerations

Debt Ratio

0.0%

Liquidity Ratio

6.5%

Interest Income Ratio

17.5%

Purification

17.46%