VGAS
Quality Rating
VGAS, operating in its industry, exhibits low debt levels but critically high liquidity ratios indicative of potential riba exposure, leading to non-compliance across major Shariah standards. Insufficient data on income sources further complicates assessment, resulting in exclusion from all Shariah indices. While business activities appear neutral with no identified haram elements, the financial structure as a possible investment fund raises concerns. Overall, the stock is non-compliant, with a B quality rating reflecting strengths in debt but weaknesses in liquidity and transparency.
Purification Required
Minimal purification needed for dividend income
Index Inclusion
Excluded from S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, and Dow Jones Islamic Market (DJIM)
Key Compliance Considerations
- High liquidity ratio of 154.86% exceeding all thresholds (30-33%)
- Insufficient data on interest and non-permissible income sources
- Exclusion from all major Shariah indices due to financial screening failures
Debt Ratio
1.1%
Liquidity Ratio
154.9%
Interest Income Ratio
0.0%
Purification
0.00%