SNAP
Quality Rating
This report evaluates Snap Inc. (SNAP) for Shariah compliance across financial, business, and ESG dimensions. SNAP, a social media technology company, passes key financial screens under AAOIFI, MSCI, and S&P standards, with debt at 28.67%, liquidity at 21.84%, and interest income at 1.51%. Business activities in digital communication and advertising are deemed permissible, with no significant non-compliant revenue. Inclusion in all major Shariah indices confirms overall compliance, though minor purification is required for interest income. ESG factors show medium risk, with positive social initiatives offset by past controversies in user safety and labor.
Purification Required
Moderate purification required - consider carefully
Index Inclusion
Included in 4 major Shariah indexes
Key Compliance Considerations
- Minor interest income requiring 1.51% purification
Debt Ratio
28.7%
Liquidity Ratio
21.8%
Interest Income Ratio
1.5%
Purification
1.51%