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Wed, Apr 1 11:12 PM
Shariah Compliant

AXTI

Quality Rating

AAA
Excellent compliance quality

AXTI demonstrates strong overall Shariah compliance primarily driven by inclusion in major Islamic indices, despite a marginal exceedance of the strict AAOIFI debt threshold. The company's financial ratios are favorable under MSCI and S&P methodologies, with negligible non-compliant income. Business activities in its sector appear permissible based on available data. Minor purification is required for interest income. Investors should note methodological differences across authorities.

Purification Required
0.49%
minimal

Minimal purification needed for dividend income

Index Inclusion
S&P
MSCI
DJIM
FTSE

Included in 4 major Shariah indexes

Key Compliance Considerations

Debt Ratio

31.1%

Liquidity Ratio

17.9%

Interest Income Ratio

0.0%

Purification

0.49%