SHIM
Quality Rating
Shimmick Corporation (SHIM), operating in the Engineering & Construction industry, provides critical infrastructure solutions primarily in water management and public works. While its core business activities align with Shariah principles of public welfare, the company fails financial screening criteria across major standards due to elevated debt and liquidity ratios. Military infrastructure projects represent a minor non-compliant revenue stream requiring purification. Exclusion from all major Shariah indices confirms non-compliance status. Investors should monitor debt reduction efforts and purify 1.33% of dividends.
Purification Required
Moderate purification required - consider carefully
Index Inclusion
Excluded from S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, and Dow Jones Islamic Market (DJIM)
Key Compliance Considerations
- Debt Ratio: 35.60% exceeds AAOIFI 30%, MSCI 33.33%, and S&P 33% thresholds
- Liquidity Ratio: 47.15% exceeds all major thresholds (AAOIFI 30%, MSCI 33.33%, S&P 33%)
- Military infrastructure revenue (15%) raises business activity concerns
Debt Ratio
35.6%
Liquidity Ratio
47.1%
Interest Income Ratio
0.0%
Purification
1.33%