SUNE
Quality Rating
This report evaluates SUNE's Shariah compliance across financial, business, and ESG dimensions. Despite a potentially permissible core business in its industry, the company fails key financial screening criteria due to excessively high debt and liquidity ratios relative to market capitalization. Non-compliant income from interest sources requires purification at 6.15%. No inclusion in major Shariah indices confirms non-compliance status. Investors should consider alternatives in compliant sectors while monitoring potential debt restructuring.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in any of the major Shariah-compliant indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, or DJIM.
Key Compliance Considerations
- Excessive debt ratio of 649.73% exceeding all thresholds (AAOIFI 30%, MSCI 33.33%, S&P 33%)
- High liquidity ratio of 86.80% surpassing liquidity thresholds across standards
- Non-compliant income ratio of 6.15% slightly above 5% purification threshold
Debt Ratio
649.7%
Liquidity Ratio
86.8%
Interest Income Ratio
6.2%
Purification
6.15%