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Thu, Apr 2 06:44 PM
Non-Compliant

PLUG

Quality Rating

B
Minimal compliance quality

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
13.95%
significant

Significant purification required - exercise caution

Index Inclusion

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

Key Compliance Considerations

Debt Ratio

54.0%

Liquidity Ratio

16.2%

Interest Income Ratio

13.9%

Purification

13.95%