TTGT
Quality Rating
TTGT, with its industry classification, is assessed as non-compliant with Shariah standards primarily due to a high debt ratio of 39.86%, which exceeds thresholds across AAOIFI, MSCI, and S&P methodologies. Business activities appear permissible based on available data, with no identified non-compliant revenue streams and low interest income at 3.61%. The company passes liquidity and impure income screens but fails on leverage, leading to exclusion from major Shariah indices. Purification is required for the interest component, and investors should monitor debt reduction efforts. Overall, this positions TTGT as a cautious consideration for Shariah portfolios.
Purification Required
Moderate purification required - consider carefully
Index Inclusion
Excluded from all major Shariah indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, and DJIM.
Key Compliance Considerations
- High debt ratio: 39.86% exceeding all major thresholds (AAOIFI 30%, MSCI 33.33%, S&P 33%)
Debt Ratio
39.9%
Liquidity Ratio
20.4%
Interest Income Ratio
3.6%
Purification
3.61%