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Fri, Apr 10 08:14 PM
Non-Compliant

RXT

Quality Rating

B
Minimal compliance quality

Rackspace Technology, Inc. (RXT) operates in the cloud computing and managed IT services sector, which is generally permissible under Shariah principles. However, the company's financial profile reveals significant non-compliance due to excessively high debt and liquidity ratios relative to market capitalization, failing key quantitative screens across major standards. Business activities show no non-permissible income, but overall compliance is determined by index exclusion. Purification is required for minor interest income. Investors should monitor debt reduction efforts for potential future compliance.

Purification Required
1.01%
moderate

Moderate purification required - consider carefully

Index Inclusion

Not included in any major Shariah-compliant indices

Key Compliance Considerations

Debt Ratio

910.5%

Liquidity Ratio

35.4%

Interest Income Ratio

1.0%

Purification

1.01%