RXT
Quality Rating
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
Moderate purification required - consider carefully
Index Inclusion
Not included in any major Shariah-compliant indices
Key Compliance Considerations
- Excessive debt ratio (910.46%) exceeding all thresholds
- Liquidity ratio (35.36%) slightly above key limits
- Absence from all major Shariah indices due to financial metrics
Debt Ratio
910.5%
Liquidity Ratio
35.4%
Interest Income Ratio
1.0%
Purification
1.01%