PSNY
Quality Rating
Polestar Automotive Holding UK PLC (PSNY) is a premium electric vehicle manufacturer with strong environmental alignment but faces Shariah compliance challenges due to elevated interest income ratios. While debt and liquidity metrics are favorable, the 12.08% interest income exceeds the 5% threshold across major standards, leading to non-compliance. The company is not included in any major Shariah indices. Business activities are permissible, supporting sustainable transport. Purification of 12.08% is recommended for dividends.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in S&P Dow Jones Shariah, MSCI Islamic, FTSE Shariah, or DJIM indices.
Key Compliance Considerations
- Interest Income Ratio: 12.08% exceeds 5% threshold
- Exclusion from all major Shariah indices
Debt Ratio
9.2%
Liquidity Ratio
1.2%
Interest Income Ratio
12.1%
Purification
12.08%