NYSE: Open
NASDAQ: Open
LSE: Closed
TSX: Open
Nikkei: Closed
Shanghai: Closed
Thu, Apr 30 06:02 PM
Non-Compliant

QURE

Quality Rating

B
Minimal compliance quality

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
194.82%
significant

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

Debt Ratio

5.8%

Liquidity Ratio

35.7%

Interest Income Ratio

194.8%

Purification

0.00%