NYSE: Open
NASDAQ: Open
LSE: Closed
TSX: Open
Nikkei: Closed
Shanghai: Closed
Fri, May 1 07:02 PM
Non-Compliant

RIVN

Quality Rating

B
Minimal compliance quality

Rivian Automotive Inc. (RIVN), operating in its industry, is screened for Shariah compliance, revealing non-compliance driven by financial ratios exceeding thresholds in debt and liquidity metrics. The core business of electric vehicle manufacturing is permissible, but high leverage from growth financing leads to exclusion from major Shariah indices. Minor interest income requires purification, while non-permissible income is negligible. Overall, the stock presents compliance risks but potential for improvement with debt management.

Purification Required
0.65%
minimal

Minimal purification needed for dividend income

Index Inclusion

Excluded from all major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM).

Key Compliance Considerations

Debt Ratio

36.4%

Liquidity Ratio

43.6%

Interest Income Ratio

0.0%

Purification

0.65%