NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Closed
Shanghai: Closed
Tue, Apr 21 10:47 PM
Non-Compliant

SPRB

Quality Rating

B
Minimal compliance quality

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
63.43%
significant

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

Debt Ratio

10.0%

Liquidity Ratio

111.3%

Interest Income Ratio

63.4%

Purification

63.43%