ASX FPO [ASX] (ASX.AX) - Not Halal (Non-Compliant)
ASX FPO [ASX] (ASX.AX) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Financial Services
- Industry
- Financial Data & Stock Exchanges
- Result
- Doubtful
- Reason
- This company requires further review: the industry "Financial Data & Stock Exchanges" has mixed revenue streams that require further analysis. The sector "Financial Services" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 3.9% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 84.7% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 51.8% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 51.78%.Based on the company's financial statements, approximately 51.78% of dividend income should be donated to charity for purification. This is derived from identified interest income (51.78% of total income). Some scholars may differ on the exact calculation method.
About ASX FPO [ASX]
ASX Limited operates as a multi-asset class and integrated exchange company in Australia and internationally. It operates markets for securities and derivatives which offers full service across listings, trading, clearing, settlement, registry, and information and technical services through regulated and non-regulated legal entities. The company provides regulated framework for entities to raise capital and source liquidity; education programs, research and insights, investor access, and peer group networking; and distribution facility for quoted exchange traded funds (ETFs) and debt securities. It is also involved in the trading of futures and options on interest rate, equity index, agricultural, environmental and energy products, and options over individual securities and selected ETFs; trading of equities, warrants, ETFs, and debt securities; and clearing of exchange-traded cash equities and derivatives, and over-the-counter interest rate and equity derivatives. In addition, it offers information services, including pricing and reference data, listed company announcements, and benchmark data; technical services, such as market access, connectivity, hosting, and co-location services; central counterparty clearing and settlement services for equities; settlement, depository, and registry services for debt securities; facilitates the use of debt securities held in Austraclear as collateral to meet obligations; and payment platform for high value payments, electricity providers, and property transactions. The company was incorporated in 1987 and is based in Sydney, Australia.