NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Closed
Shanghai: Closed
Wed, Apr 1 11:16 PM
Non-Compliant

MGRT

Quality Rating

BB
Fair compliance quality

This report evaluates the Shariah compliance of MGRT, a company in its industry and sector. While financial ratios demonstrate strong compliance with quantitative thresholds across AAOIFI, MSCI, and S&P standards, the core business activities raise significant qualitative concerns. Research indicates exclusion from all major Shariah indices due to potential involvement in non-permissible activities, leading to an overall non-compliant status. Purification is required for minor interest income, but business model issues dominate the assessment. Investors are advised to consult scholars for personalized guidance.

Purification Required
0.64%
minimal

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

Debt Ratio

1.0%

Liquidity Ratio

1.1%

Interest Income Ratio

0.0%

Purification

0.64%