NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Open
Shanghai: Open
Tue, Jul 21 05:54 AM
Non-Compliant

PVLA

Quality Rating

B
Minimal compliance quality

PVLA, operating in its industry, exhibits strong performance in debt and liquidity metrics with a 0% debt ratio and 21.08% liquidity ratio, both compliant across standards. However, the interest income ratio of 39.37% significantly exceeds the 5% threshold, leading to non-compliance in financial screening. No non-permissible business activities were identified, and ESG factors show low risk with resolved minor controversies. Based on exclusion from all major Shariah indices, the overall status is non-compliant, requiring full purification of dividends. Investors should monitor for potential business model shifts to reduce riba exposure.

Purification Required
39.37%
significant

Significant purification required - exercise caution

Index Inclusion

Excluded from S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, and Dow Jones Islamic Market (DJIM)

Key Compliance Considerations

Debt Ratio

0.0%

Liquidity Ratio

0.0%

Interest Income Ratio

0.0%

Purification

39.37%