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Tue, May 5 04:03 PM
Non-Compliant

OCGN

Quality Rating

B
Minimal compliance quality

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
111.72%
significant

Significant purification required - exercise caution

Index Inclusion

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

Key Compliance Considerations

Debt Ratio

10.4%

Liquidity Ratio

12.4%

Interest Income Ratio

111.7%

Purification

11.72%