TATT
Quality Rating
TAT Technologies Ltd. (TATT) operates in the Aerospace & Defense industry, providing OEM and MRO services for commercial and military applications. While financial ratios indicate strong compliance with debt, liquidity, and income thresholds across AAOIFI, MSCI, and S&P standards, the company's significant involvement in military aerospace and ground defense activities results in non-compliance under Shariah business activity screens. No inclusion in major Shariah indices confirms the overall non-compliant status. Purification is required for minor impure income, but does not address core business concerns. Investors should consider alternatives in civilian industrials.
Purification Required
Minimal purification needed for dividend income
Index Inclusion
Not included in S&P Dow Jones Shariah, MSCI Islamic, FTSE Shariah, or DJIM indices
Key Compliance Considerations
- Significant revenue from military aerospace and ground defense activities, exceeding permissible thresholds for prohibited business
Debt Ratio
6.8%
Liquidity Ratio
1.4%
Interest Income Ratio
0.0%
Purification
0.31%