NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Closed
Shanghai: Closed
Fri, Apr 10 08:16 PM
Non-Compliant

VALE

Quality Rating

B
Minimal compliance quality

VALE, a leading global mining company, faces Shariah compliance challenges primarily due to high debt and interest income ratios, despite its core business in resource extraction being permissible. Financial screening reveals failures in debt and impure income thresholds across AAOIFI, MSCI, and S&P standards. Business activities align with Islamic principles, but ESG controversies in environmental and labor areas raise additional concerns. Index exclusion confirms non-compliance, with a purification rate of 10.75% recommended for dividends. Overall, the stock is non-compliant, suitable only for monitoring with purification.

Purification Required
10.75%
significant

Significant purification required - exercise caution

Index Inclusion

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

Key Compliance Considerations

Debt Ratio

42.2%

Liquidity Ratio

9.1%

Interest Income Ratio

10.8%

Purification

10.75%