NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Closed
Shanghai: Closed
Fri, Jun 12 08:28 PM
Non-Compliant

VEEA

Quality Rating

B
Minimal compliance quality

VEEA, operating in its industry, fails key Shariah financial screening criteria primarily due to an extraordinarily high interest income ratio of 13939.06%, indicating significant riba exposure despite compliant debt and liquidity ratios. Business activities related to edge computing and IoT appear permissible, with no identified non-compliant operations. The company is not included in any major Shariah indices, leading to an overall non-compliant status. ESG factors are positive, with low risk in governance, environmental, and social areas, but financial impurities dominate the assessment. Investors should consider purification at 100% of dividends and consult scholars for personalized guidance.

Purification Required
100%
significant

Significant purification required - exercise caution

Index Inclusion

Not included in any of the four major Shariah-compliant indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, or Dow Jones Islamic Market.

Key Compliance Considerations

Debt Ratio

27.1%

Liquidity Ratio

0.0%

Interest Income Ratio

13939.1%

Purification

100.00%