SPRB
Quality Rating
SPRB, operating in its industry, presents significant Shariah compliance challenges primarily due to high liquidity and interest income ratios that exceed standard thresholds across major screening methodologies. While debt levels are low and non-permissible business income is negligible, the financial metrics indicate substantial impurity requiring purification. Index exclusion reinforces non-compliance status, though business activities appear permissible pending detailed review. Investors should consider alternatives in compliant sectors and consult scholars for personalized guidance.
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
- High liquidity ratio (111.32%) exceeding 30-33% thresholds, indicating excessive interest-bearing assets
- Elevated interest income ratio (63.43%) surpassing 5% impurity limits, necessitating full purification of dividends
Debt Ratio
10.0%
Liquidity Ratio
111.3%
Interest Income Ratio
63.4%
Purification
63.43%