VEEA
Quality Rating
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
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
- Interest Income Ratio: 13939.06% (threshold: 5%)
- Data inconsistencies suggesting potential revenue reporting issues
- High purification requirement due to impure income dominance
Debt Ratio
27.1%
Liquidity Ratio
0.0%
Interest Income Ratio
13939.1%
Purification
100.00%