NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Closed
Shanghai: Closed
Fri, Apr 10 09:39 PM
Non-Compliant

TWAV

Quality Rating

B
Minimal compliance quality

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
7.11%
significant

Significant purification required - exercise caution

Index Inclusion

Excluded from all major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM).

Key Compliance Considerations

Debt Ratio

0.0%

Liquidity Ratio

66.9%

Interest Income Ratio

7.1%

Purification

7.11%