TANH
Quality Rating
Tantech Holdings Ltd (TANH) is a China-based manufacturer of bamboo charcoal products and electric vehicles, operating in the Household & Personal Products industry within the Consumer Defensive sector. This report evaluates its Shariah compliance across financial ratios, business activities, index inclusions, and multi-perspective authorities. While financial metrics are largely favorable, with low debt and no non-permissible revenue, the interest income ratio of 7.82% requires purification. Business activities are permissible, focusing on sustainable consumer goods and clean energy. However, absence from major Shariah indices results in an overall non-compliant classification, though fundamentals suggest potential for review.
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
- Interest income ratio of 7.82% exceeds 5% threshold under strict standards
- Lack of inclusion in major Shariah indices
- Limited transparency on subsidiary activities and debt composition
Debt Ratio
2.6%
Liquidity Ratio
26.1%
Interest Income Ratio
7.8%
Purification
7.82%