PRE
Quality Rating
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
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
- High liquidity ratio: 50.53% exceeds 30-33% thresholds across standards
- Elevated interest income ratio: 18.99% exceeds 5% threshold
- Potential non-compliant business activities in cannabis production and sale
Debt Ratio
4.5%
Liquidity Ratio
50.5%
Interest Income Ratio
19.0%
Purification
18.99%