NVVE
Quality Rating
Nuvve Holding Corp. (NVVE) operates in the green energy sector, developing vehicle-to-grid (V2G) technology for EV charging solutions. While its core business activities are Shariah-compliant, the company fails financial screening criteria across all major standards due to excessive debt (285.77% of market cap), liquidity (34.35%), and interest income (28.3%). It is not included in any major Shariah indices, resulting in an overall non-compliant status. Purification is required for the interest income portion. Investors should monitor for financial improvements to potentially achieve compliance.
Purification Required
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: 285.77% (exceeds all thresholds: AAOIFI 30%, MSCI 33.33%, S&P 33%)
- Liquidity Ratio: 34.35% (exceeds AAOIFI 30%, MSCI 33.33%, S&P 33%)
- Interest Income Ratio: 28.3% (exceeds 5% threshold across all standards)
Debt Ratio
285.8%
Liquidity Ratio
34.4%
Interest Income Ratio
28.3%
Purification
28.30%