SRXH
Quality Rating
SRXH exhibits challenges in Shariah compliance primarily due to a high interest income ratio of 30.36%, exceeding the 5% threshold across major standards, while debt and liquidity ratios remain compliant. The company's the industry profile limits detailed business activity screening, but no core non-permissible activities are identified. Index inclusion research confirms exclusion from all major Shariah indices, leading to a non-compliant status. Purification is required for the interest-derived income portion. Overall, investors should monitor for improvements in income purity.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Excluded from S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, and Dow Jones Islamic Market (DJIM)
Key Compliance Considerations
- High interest income ratio (30.36%) exceeding 5% threshold, indicating significant riba exposure
- Limited transparency on business activities due to unknown industry classification
- Exclusion from all major Shariah-compliant indices
Debt Ratio
8.7%
Liquidity Ratio
7.7%
Interest Income Ratio
30.4%
Purification
30.36%