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Sat, May 9 03:46 AM
Non-Compliant

SIF

Quality Rating

B
Minimal compliance quality

SIF demonstrates non-compliance with Shariah standards primarily due to a critically high debt ratio of 88.21%, far exceeding all financial thresholds, despite compliant liquidity and income ratios. The company's involvement in defense-related activities through aerospace forging contributes additional compliance concerns, potentially requiring purification or avoidance. No inclusion in major Shariah indices reinforces the non-compliant status. Investors should monitor debt reduction efforts and consult scholars on defense sector permissibility. Overall, the stock is not recommended for Shariah-compliant portfolios without significant restructuring.

Purification Required
1.11%
moderate

Moderate purification required - consider carefully

Index Inclusion

Not included in any major Shariah indices (S&P, MSCI, FTSE, DJIM)

Key Compliance Considerations

Debt Ratio

88.2%

Liquidity Ratio

6.6%

Interest Income Ratio

1.1%

Purification

1.11%