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FAQs
Subject
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Shariah Screening of Shares
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Financial Screening
Financial Parameters
Date: 6 SEP 2022
Answered By: Management
Question
What are the Financial Parameters which a company must satisfy to be considered Shariah compliant?
Answer
According to the norms set by the Shariah Board of TASIS, these norms are:
1.) Total Debt to Total Assets should be less than or equal to 25%
2.) Total Interest Income to Total Income should be less than or equal to 2.5% (Earlier 3%)
3.) Total Liquid Asset to Total Assets should be less than or equal to 90%