SOPA
Quality Rating
Society Pass Incorporated (SOPA), a digital loyalty and e-commerce platform operating in Southeast Asia, undergoes Shariah compliance screening revealing challenges in financial ratios despite a permissible core business model. High liquidity and interest income ratios lead to non-compliance across major standards, though debt levels are favorable and no non-permissible activities are identified. The company is not included in any major Shariah indices, resulting in an overall non-compliant status. Purification is required for impermissible income, and investors should monitor financial improvements. This report provides multi-perspective analysis, ESG alignment, and alternatives for informed decision-making.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, or Dow Jones Islamic Market (DJIM).
Key Compliance Considerations
- Liquidity ratio exceeds thresholds (108.04% vs. 30-33%) indicating excess cash holdings
- Interest income ratio (11.76%) surpasses 5% limit across standards
Debt Ratio
14.1%
Liquidity Ratio
108.0%
Interest Income Ratio
11.8%
Purification
11.76%