OEC
Quality Rating
OEC exhibits significant financial non-compliance primarily due to excessive debt levels and interest income exceeding Shariah thresholds, despite a potentially permissible core business in its industry. The company fails key ratio screenings across AAOIFI, MSCI, and S&P standards, leading to exclusion from major Shariah indices. Purification is required for incidental non-compliant income, but structural debt issues persist. ESG factors show low risk with positive environmental contributions, though governance is standard. Overall, OEC is not recommended for Shariah-compliant portfolios without deleveraging.
Purification Required
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 DJIM.
Key Compliance Considerations
- Excessive debt ratio of 167.51% exceeds all thresholds (AAOIFI 30%, MSCI 33.33%, S&P 33%)
- Interest income ratio of 7.52% surpasses 5% limit across standards
Debt Ratio
167.5%
Liquidity Ratio
6.5%
Interest Income Ratio
7.5%
Purification
7.52%