OCGN
Quality Rating
Ocugen, Inc. (OCGN) is a clinical-stage biopharmaceutical company in the Biotechnology sector focused on gene therapies for blindness diseases. Its core business activities are Shariah-compliant, emphasizing medical innovation for unmet needs. However, the financial screening reveals a critical failure in the interest income ratio at 111.72%, far exceeding the 5% threshold across all standards, driven by low revenue and interest-bearing cash holdings. Debt and liquidity ratios are strong at 10.41% and 12.37%, respectively. The company is not included in any major Shariah indices, leading to an overall NON_COMPLIANT status with a B quality rating.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in any major Shariah indices (S&P, MSCI, FTSE, DJIM).
Key Compliance Considerations
- Interest Income Ratio: 111.72% (threshold: 5%)
- High reliance on interest-bearing instruments in low-revenue environment
Debt Ratio
10.4%
Liquidity Ratio
12.4%
Interest Income Ratio
111.7%
Purification
11.72%