QURE
Quality Rating
QURE, operating in its industry, has been evaluated for Shariah compliance, revealing non-compliance driven by elevated liquidity and interest income ratios that exceed standard thresholds across major screening methodologies. The company's low debt levels and absence of non-permissible business activities are positive, but financial metrics, particularly the interest income ratio of 194.82%, pose significant concerns. No inclusion in major Shariah indices underscores the non-compliant status, with a quality rating of B reflecting weak performance in key ratios. Purification requirements are substantial due to high impure income, and investors are advised to monitor financial improvements. Overall, while the core operations align with Islamic principles, structural financial issues prevent full compliance.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in any of the major Shariah-compliant indices (S&P Dow Jones, MSCI, FTSE, DJIM).
Key Compliance Considerations
- Liquidity ratio of 35.74% exceeds thresholds (AAOIFI: 30%, MSCI: 33.33%, S&P: 33%)
- Interest income ratio of 194.82% far exceeds 5% threshold across all standards
Debt Ratio
5.8%
Liquidity Ratio
35.7%
Interest Income Ratio
194.8%
Purification
0.00%