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Tue, Jun 9 04:18 PM
Non-Compliant

SCNX

Quality Rating

B
Minimal compliance quality

Scienture Holdings, Inc. (SCNX), a healthcare IT company providing an online platform for pharmaceutical distribution, demonstrates a permissible core business under Shariah principles but faces challenges in financial screening due to elevated debt levels. The company's operations focus on facilitating trade in essential medicines to hospitals and pharmacies, aligning with Islamic emphasis on beneficial commerce. However, quantitative ratios indicate non-compliance with major standards, primarily driven by a debt-to-market-cap ratio exceeding thresholds. No significant non-permissible income sources were identified, and ESG factors present low risk with resolved minor controversies. Overall, while the business model is strong, financial leverage requires monitoring for future compliance.

Purification Required
0%
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

37.5%

Liquidity Ratio

20.2%

Interest Income Ratio

0.0%

Purification

0.00%