SCL
Quality Rating
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
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
- High debt ratio of 60.54% exceeding all major thresholds
- Insufficient detailed data on subsidiaries and future initiatives
Debt Ratio
60.5%
Liquidity Ratio
8.9%
Interest Income Ratio
0.0%
Purification
0.80%