ONDS
Quality Rating
This report evaluates ONDS (Ondas Holdings Inc.) for Shariah compliance across financial, business, and ESG dimensions. The company operates in wireless communications and drone technology, with compliant core activities but significant financial impurities from high interest income. Overall, it fails key screening criteria and is not included in major Shariah indices, resulting in non-compliant status. Purification at 47.25% is required but may render investment impractical. Investors should monitor for financial restructuring.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in S&P Dow Jones Shariah, MSCI Islamic, FTSE Shariah, or DJIM indices
Key Compliance Considerations
- High interest income ratio of 47.25% exceeding 5% threshold across all standards
- Exclusion from all major Shariah indices due to financial screening failure
Debt Ratio
6.3%
Liquidity Ratio
3.8%
Interest Income Ratio
47.3%
Purification
47.25%