NYSE: Open
NASDAQ: Open
LSE: Closed
TSX: Open
Nikkei: Closed
Shanghai: Closed
Fri, Jul 24 04:35 PM
Friday, July 24, 2026 4:35:39 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 of 54.05% exceeds thresholds across all standards (AAOIFI 30%, MSCI 33.33%, S&P 33%)
Debt Ratio
54.0%
Liquidity Ratio
5.9%
Interest Income Ratio
0.0%
Purification
0.00%