MGRT
Quality Rating
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
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
- Core business activities likely involve prohibited elements such as gambling or hospitality with non-compliant features, exceeding 5% revenue threshold
- Exclusion from all major Shariah indices despite favorable financial ratios
- Limited transparency on business segments requires further verification
Debt Ratio
1.0%
Liquidity Ratio
1.1%
Interest Income Ratio
0.0%
Purification
0.64%