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Fri, Jul 24 04:35 PM
Non-Compliant

RNG

Quality Rating

B
Minimal compliance quality

The analysis reveals that RNG is non-compliant with Shariah standards primarily due to excessive debt levels relative to market capitalization. Business activities in cloud communications are permissible, and non-compliant income is negligible. However, financial ratios fail key thresholds set by AAOIFI, MSCI, and S&P methodologies. No inclusion in major Islamic indices confirms the non-compliant status. Investors may consider purification for minor income issues, but debt management is critical for future compliance.

Purification Required
0.00%
minimal

Minimal purification needed for dividend income

Index Inclusion

Excluded from all major Shariah-compliant indices

Key Compliance Considerations

Debt Ratio

54.0%

Liquidity Ratio

5.9%

Interest Income Ratio

0.0%

Purification

0.00%