OI
Quality Rating
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
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
- High debt ratio of 251.33% exceeding all thresholds (AAOIFI 30%, MSCI 33.33%, S&P 33%)
- Business activity in alcohol packaging, considered non-permissible facilitation of haram products
Debt Ratio
251.3%
Liquidity Ratio
21.3%
Interest Income Ratio
10.6%
Purification
10.61%