SKYX
Quality Rating
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
Moderate purification required - consider carefully
Index Inclusion
Not included in any major Shariah indices
Key Compliance Considerations
- Interest Income Ratio: 4.68% (threshold: 5%)
Debt Ratio
26.5%
Liquidity Ratio
6.4%
Interest Income Ratio
4.7%
Purification
4.68%