VERO
Quality Rating
VERO, operating in its industry, has been evaluated for Shariah compliance using global standards. The analysis reveals significant concerns in financial ratios, particularly high debt and interest income levels, leading to non-compliance across major screening criteria. Business activities appear permissible based on available data, but financial structure requires attention. The company is not included in any major Shariah indices, confirming its non-compliant status. Investors should consider purification for any dividends received and explore alternatives in compliant sectors.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Excluded from all major Shariah-compliant indices: S&P Dow Jones, MSCI, FTSE, and DJIM.
Key Compliance Considerations
- Excessive debt ratio of 1483.61%, far exceeding 30-33% thresholds across standards
- High liquidity ratio of 123.03%, indicating potential interest-bearing assets over limits
- Interest income ratio of 31.46%, surpassing the 5% non-compliant income threshold
Debt Ratio
1483.6%
Liquidity Ratio
123.0%
Interest Income Ratio
31.5%
Purification
31.46%