SDA
Quality Rating
SunCar Technology Group Inc. (SDA) operates in the Auto - Dealerships industry, providing digitalized automotive after-sales services and insurance intermediation in China. Financial ratios indicate strong compliance with Shariah screening thresholds across AAOIFI, MSCI, and S&P standards, with low debt (25.5%), liquidity (18.18%), and impermissible income (0.73%). However, the insurance intermediation segment raises concerns under stricter interpretations due to potential gharar and riba elements. Index inclusion research shows exclusion from all major Shariah indices, leading to a non-compliant overall status. Purification is required at 0.73% for minor impermissible income.
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
- Exclusion from all major Shariah indices due to business activity screening on insurance intermediation
- Potential non-permissible elements in insurance brokerage under strict GCC standards
Debt Ratio
25.5%
Liquidity Ratio
18.2%
Interest Income Ratio
0.0%
Purification
0.73%