NYSE: Open
NASDAQ: Open
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TSX: Open
Nikkei: Closed
Shanghai: Closed
Tue, Apr 7 06:42 PM
Non-Compliant

SILO

Quality Rating

B
Minimal compliance quality

Silo Pharma, Inc. (SILO), a developmental-stage biopharmaceutical company focused on novel therapeutics, undergoes Shariah compliance screening revealing significant challenges in financial ratios, particularly liquidity and interest income exceeding thresholds across AAOIFI, MSCI, and S&P standards. While the core business in biotech R&D appears permissible with no non-compliant activities identified, high interest-bearing liquidity and disproportionate interest income from other net items lead to non-compliance determinations. Index inclusion research confirms exclusion from all major Shariah indices due to these quantitative failures. ESG factors show low risk with clean governance and no controversies, aligning well with Islamic principles. Overall, investors should monitor for financial improvements or consult scholars for potential purification, though current status warrants caution.

Purification Required
433.85%
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, or DJIM.

Key Compliance Considerations

Debt Ratio

0.0%

Liquidity Ratio

128.2%

Interest Income Ratio

433.9%

Purification

0.00%