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Wed, May 6 03:55 PM
Non-Compliant

SKYX

Quality Rating

B
Minimal compliance quality

SKYX Platforms Corp., a provider of safe-smart electrical platform technologies in the Industrials sector, exhibits a permissible core business with no haram revenue streams identified. Financial screening reveals compliant debt (26.48%) and liquidity (6.42%) ratios across standards, but the interest income ratio of 4.68% borders the 5% threshold, necessitating purification. While ratios generally pass, the company's small market capitalization prevents inclusion in major Shariah indices despite meeting screening criteria. ESG factors are positive with low risk and no significant controversies, supporting alignment with Islamic principles of stewardship and welfare. Overall, the stock requires ongoing monitoring for financial stability and growth to enhance compliance prospects.

Purification Required
4.68%
moderate

Moderate purification required - consider carefully

Index Inclusion

Not included in any major Shariah indices

Key Compliance Considerations

Debt Ratio

26.5%

Liquidity Ratio

6.4%

Interest Income Ratio

4.7%

Purification

4.68%