NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Closed
Shanghai: Closed
Tue, Jul 14 10:14 PM
Non-Compliant

PRE

Quality Rating

B
Minimal compliance quality

PRE, operating in its industry, undergoes Shariah screening revealing non-compliance primarily due to elevated liquidity and interest income ratios exceeding global thresholds, compounded by potential haram classification of cannabis-related activities. While debt levels remain low and non-permissible business income is estimated at zero, the overall financial profile and business nature lead to exclusion from major Shariah indices. Regional variations exist, with compliance in Malaysia but failures elsewhere. Purification is required for interest-derived income, and investors should monitor business evolution risks.

Purification Required
18.99%
significant

Significant purification required - exercise caution

Index Inclusion

Excluded from all major Shariah indices: S&P Dow Jones Shariah, MSCI Islamic, FTSE Shariah, and Dow Jones Islamic Market (DJIM).

Key Compliance Considerations

Debt Ratio

4.5%

Liquidity Ratio

50.5%

Interest Income Ratio

19.0%

Purification

18.99%