NYSE: Open
NASDAQ: Open
LSE: Closed
TSX: Open
Nikkei: Closed
Shanghai: Closed
Wed, Apr 29 04:24 PM
Non-Compliant

OI

Quality Rating

B
Minimal compliance quality

O-I Glass, Inc. (OI) is a leading manufacturer of glass containers primarily serving the food, beverage, and pharmaceutical industries. However, its significant involvement in packaging for alcoholic beverages raises core Shariah compliance concerns, compounded by excessively high debt levels that fail all major financial screening thresholds. While liquidity and interest income ratios show some compliance, the overall assessment indicates non-compliance across standards. No inclusion in major Shariah indices reinforces this status. Investors should consider purification for any impure income and explore compliant alternatives in sustainable packaging.

Purification Required
10.61%
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

251.3%

Liquidity Ratio

21.3%

Interest Income Ratio

10.6%

Purification

10.61%