NYSE: Open
NASDAQ: Open
LSE: Closed
TSX: Open
Nikkei: Closed
Shanghai: Closed
Mon, Jul 6 04:22 PM
Non-Compliant

SEER

Quality Rating

B
Minimal compliance quality

Seer, Inc. (SEER), a biotechnology company specializing in proteomic research tools, demonstrates a permissible core business under Shariah principles but faces significant challenges from elevated liquidity and interest income ratios that exceed standard financial screening thresholds across major authorities. While debt levels remain compliant, the high cash holdings and interest-bearing income necessitate purification and raise concerns about riba exposure. Index inclusion research confirms exclusion from all major Shariah indices due to these financial metrics. Overall, the company is classified as non-compliant, though its innovative healthcare focus aligns with Islamic objectives of preserving life. Investors may consider monitoring for financial improvements or consulting scholars for purification-guided investment.

Purification Required
27.71%
significant

Significant purification required - exercise caution

Index Inclusion

Not included in any of the four major Shariah-compliant indices (S&P Dow Jones, MSCI Islamic, FTSE Shariah, DJIM)

Key Compliance Considerations

Debt Ratio

20.6%

Liquidity Ratio

194.1%

Interest Income Ratio

27.7%

Purification

27.71%