PLUG
Quality Rating
This report evaluates Plug Power Inc. (PLUG), a company in its industry, for Shariah compliance across financial, business activity, and ESG dimensions. The analysis reveals non-compliance primarily due to high debt and interest income ratios, despite a permissible core business in renewable energy technology. No inclusion in major Shariah indices confirms the overall non-compliant status. Purification of 13.95% is required for any impure income, and investors should monitor debt reduction efforts. The compliance quality is rated B, indicating moderate alignment with some concerns.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in any major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- High debt ratio of 53.95% exceeding all thresholds
- Interest income ratio of 13.95% surpassing 5% limits
- Lack of inclusion in Shariah indices due to financial screens
Debt Ratio
54.0%
Liquidity Ratio
16.2%
Interest Income Ratio
13.9%
Purification
13.95%