NYSE: Closed
NASDAQ: Closed
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Shanghai: Closed
Thu, May 7 10:16 PM
Shariah Compliant

RAIN

Quality Rating

AA
Very good compliance quality

The Shariah compliance analysis for RAIN, an ETF focused on sustainable investments, indicates strong financial ratio performance with low debt and liquidity levels meeting all major thresholds. However, limited income statement data typical for ETFs results in some uncertainty around non-compliant income sources. Business activities appear aligned with Islamic principles of environmental stewardship. Inclusion in major Shariah indices supports overall compliance, though ongoing monitoring of underlying holdings is recommended. Purification is not required based on available data.

Purification Required
0.00%
minimal

Minimal purification needed for dividend income

Index Inclusion
S&P
MSCI
DJIM
FTSE

Included in 4 major Shariah indexes

Key Compliance Considerations

Debt Ratio

14.7%

Liquidity Ratio

0.0%

Interest Income Ratio

0.0%

Purification

0.00%