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Wed, Jul 29 09:06 PM
Non-Compliant

SCL

Quality Rating

B
Minimal compliance quality

SCL, operating in its industry, faces significant Shariah compliance challenges primarily due to a high debt-to-market capitalization ratio of 60.54%, exceeding thresholds set by major standards including AAOIFI (30%), MSCI (33.33%), and S&P (33%). While liquidity and income-related ratios demonstrate compliance, the elevated debt level results in non-compliance across financial screening criteria. Business activities appear permissible with no identified non-compliant revenue streams. The company is not included in any major Shariah-compliant indices, leading to an overall non-compliant status. Investors should consider purification for minor interest income and monitor debt reduction efforts.

Purification Required
0.8%
minimal

Minimal purification needed for dividend income

Index Inclusion

Not included in S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, or Dow Jones Islamic Market (DJIM)

Key Compliance Considerations

Debt Ratio

60.5%

Liquidity Ratio

8.9%

Interest Income Ratio

0.0%

Purification

0.80%