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Fri, May 15 03:51 PM
Non-Compliant

VSTD

Quality Rating

B
Minimal compliance quality

VSTD, operating in its industry, faces substantial Shariah compliance challenges primarily driven by excessively high debt levels that exceed all major financial screening thresholds across AAOIFI, MSCI, and S&P standards. While income-related ratios remain compliant with low non-permissible income at 0%, the debt-to-market capitalization ratio of 120.91% indicates heavy reliance on interest-bearing financing, rendering the company non-compliant under global Shariah indices. Business activities appear permissible based on available data, but insufficient details on subsidiaries and future initiatives warrant ongoing monitoring. ESG factors show low risk with resolved minor controversies, aligning well with Islamic principles of stewardship. Overall, investors should approach with caution, considering purification for any dividends and exploring compliant alternatives in similar sectors.

Purification Required
0.60%
minimal

Minimal purification needed for dividend income

Index Inclusion

Not included in any major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM)

Key Compliance Considerations

Debt Ratio

120.9%

Liquidity Ratio

32.0%

Interest Income Ratio

0.0%

Purification

0.60%