RKT
Quality Rating
Rocket Companies, Inc. (RKT) operates in the conventional mortgage lending sector, which inherently involves interest-based financing (riba), leading to non-compliance under Shariah standards. Financial ratios show high debt and liquidity levels exceeding thresholds, while income ratios are compliant. The company is not included in any major Shariah indices, confirming its non-compliant status. ESG factors are generally positive with low risk, but core business model remains a disqualifier. Investors should consider Shariah-compliant alternatives in Islamic finance.
Purification Required
Minimal purification needed for dividend income
Index Inclusion
Not included in any major Shariah indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- Core business involves riba through interest-based mortgages
- Debt ratio of 431.23% exceeds all thresholds (AAOIFI 30%, MSCI 33.33%, S&P 33%)
- Liquidity ratio of 41.04% exceeds thresholds
Debt Ratio
431.2%
Liquidity Ratio
41.0%
Interest Income Ratio
0.0%
Purification
0.00%