Screening rules
Why it screened this way
✗
Cash & interest-bearing securities are 44.1% of total assets, exceeding the 33% limit under S&P.
USTechnologyIndia
Snowflake Inc.
Non-Compliant₹152
This stock doesn't meet 1 Shariah rule. See below to understand why.
75/100
Non-Compliant
This stock doesn't meet 1 Shariah rule. See below to understand why.
Market Cap₹52,495
Revenue₹4,684
Total Debt₹2,741
Debt / Mcap5.80%
Non-Halal Income4.07%
SectorTechnology
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Multi-Methodology Screening
Screened against 4 international Shariah standards
ConsensusNon-Compliant0/4 pass
S&P Shariah IndicesNon-Compliant
Debt Ratio5.8%/ 33.0%
Non-Halal Income4.1%/ 5.0%
Interest Income4.1%/ 5.0%
Receivables2.5%/ 33.0%
Cash & IB Securities44.1%/ 33.0%
SectorAllowed
Cash & interest-bearing securities are 44.1% of total assets, exceeding the 33% limit under S&P.
AAOIFI StandardsNon-Compliant
Debt Ratio30.0%/ 30.0%
Non-Halal Income4.1%/ 5.0%
Interest Income4.1%/ 5.0%
Receivables14.3%/ 49.0%
Cash & IB Securities44.1%/ 30.0%
SectorAllowed
Debt is 30.0% of total assets, exceeding the 30% threshold set by AAOIFI.
Debt is 30.0% of current total assets, exceeding the 30% threshold.
Cash & interest-bearing securities are 44.1% of total assets, exceeding the 30% limit under AAOIFI.
FTSE Yasaar (Maxis)Non-Compliant
Debt Ratio30.0%/ 33.0%
Non-Halal Income4.1%/ 5.0%
Interest Income4.1%/ 5.0%
Receivables14.3%/ 50.0%
Cash & IB Securities44.1%/ 33.0%
SectorAllowed
Cash & interest-bearing securities are 44.1% of total assets, exceeding the 33% limit under FTSE.
Khatkhatay Independent NormsNon-Compliant
Debt Ratio30.0%/ 25.0%
Non-Halal Income4.1%/ 5.0%
Interest Income4.1%/ 5.0%
Receivables14.3%/ 100.0%
Cash & IB Securities44.1%/ 10.0%
SectorAllowed
Debt is 30.0% of total assets, exceeding the 25% threshold set by Independent.
Debt is 30.0% of current total assets, exceeding the 25% threshold.
Interest income is 4.1% of revenue, exceeding the 3% limit under Independent.
Each methodology uses different denominators and thresholds. A stock may be compliant under one standard but not another. The consensus reflects the majority verdict across all three.
Compliance check
Green = safe, amber = close to limit, red = over the limit
Debt level
5.80%Current debt
5.22%Income purity
4.07%Interest earned
4.07%Similar stocks
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