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Thu, Apr 2 12:51 AM
Non-Compliant

VGAS

Quality Rating

B
Minimal compliance quality

VGAS, operating in its industry, exhibits low debt levels but critically high liquidity ratios indicative of potential riba exposure, leading to non-compliance across major Shariah standards. Insufficient data on income sources further complicates assessment, resulting in exclusion from all Shariah indices. While business activities appear neutral with no identified haram elements, the financial structure as a possible investment fund raises concerns. Overall, the stock is non-compliant, with a B quality rating reflecting strengths in debt but weaknesses in liquidity and transparency.

Purification Required
0.00%
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

1.1%

Liquidity Ratio

154.9%

Interest Income Ratio

0.0%

Purification

0.00%