Space and Precision Medicine

Asalam Alaikum all,

I would like to inquire about the term (possessing un Islamic qualities). I have seen this on some companies I am interested in namely (Space, Precision Medicine, and some Tech companies). I would appreciate elaborating more on this.

Rachad

Walaikumus salaam, @raabouza. Can you please specify the ticker symbols of the companies youโ€™re referring to?

I am referring to HOL, SRAC, ASPS,GILD,PLTR to name a few.

Thanks for taking the time to do this.

Jazak Allah kairan
Rachad

I took a closer look into each of them:

  • Since HOL and SRAC are both SPACs/blank check companies, their only source of revenue currently is interest income which is why they are both Non-Compliant.
  • ASPS is Non-Compliant because they generate over 44% of their revenue from mortgage financing services.
  • GILD is Non-Compliant because it has an interest-bearing debt ratio of 37.22% which exceeds the 30% threshold.
  • PLTR is rated Questionable because they generate over half of their revenue from defense and intelligence contracts.

Hope that helps! :+1:

Very helpful,

Jazak Allah Kairan
Rachad