PRLD
Quality Rating
PRLD, operating in its industry as per available data, exhibits compliant debt levels but fails significantly on liquidity and interest income ratios, resulting in non-compliance across major Shariah standards. The high interest income ratio of 179.16% indicates substantial riba exposure, necessitating purification beyond 100% of dividends, effectively rendering dividends impermissible without restructuring. No non-permissible business activities are identified, and ESG factors show low risk with positive alignment to Islamic principles through ethical biotech focus. However, exclusion from all major Shariah indices confirms overall non-compliance. Investors should monitor financial improvements and consult scholars for personalized rulings.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Excluded from all major Shariah indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- Liquidity ratio of 159.47% exceeds all thresholds (AAOIFI 30%, MSCI 33.33%, S&P 33%)
- Interest income ratio of 179.16% far exceeds 5% threshold across standards
Debt Ratio
28.8%
Liquidity Ratio
159.5%
Interest Income Ratio
179.2%
Purification
1.79%