VTIX
Quality Rating
VTIX, operating in its industry, faces Shariah compliance challenges primarily due to an interest income ratio of 10.67%, exceeding the 5% threshold across major standards. Debt and liquidity ratios are reported at 0%, passing thresholds where data is available, while non-permissible income is 0%. Index inclusion research indicates exclusion from all major Shariah indices due to financial screening failures. Business activities lack detailed disclosure, leading to under review status in some areas. Overall, purification is required for any dividends, and investors should monitor for improved financial transparency.
Purification Required
Significant purification required - exercise caution
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
- Interest income ratio of 10.67% exceeds 5% threshold across AAOIFI, MSCI, and S&P standards
- Insufficient data for debt and liquidity ratios, preventing full verification despite apparent compliance at 0%
- Unknown industry classification limits business activity screening
Debt Ratio
0.0%
Liquidity Ratio
0.0%
Interest Income Ratio
10.7%
Purification
10.67%