TWAV
Quality Rating
TWAV, with its industry classification, has been evaluated for Shariah compliance using standard financial and business activity screens. The company exhibits strong debt management with a 0% ratio but fails on liquidity (66.87%) and interest income (7.11%) thresholds across major standards. No non-permissible business activities were identified, supporting a purification requirement of 7.11%. Overall, the stock is classified as NON_COMPLIANT due to exclusion from all major Shariah indices, though it shows potential for compliance with financial restructuring.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Excluded from all major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM).
Key Compliance Considerations
- Liquidity ratio exceeds 33% threshold across all standards
- Interest income ratio of 7.11% surpasses 5% limit
Debt Ratio
0.0%
Liquidity Ratio
66.9%
Interest Income Ratio
7.1%
Purification
7.11%