Nokia Oyj

(NOK)

☆☆☆☆☆ 5/5

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At close:

AAOIFI

S&P

DJIM

FTSE

MSCI

Nokia Oyj is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

AAOIFI	S&P	DJIM	FTSE	MSCI
Debt: 18.94% ✓ Limit: 30%	Debt: 22.5% ✓ Limit: 33%	Debt: 23.89% ✓ Limit: 33%	Debt: 12.9% ✓ Limit: 33.33%	Debt: 12.9% ✓ Limit: 33.33%
NCA: 7.92% ✓ Limit: 30%			Cash: 14.12% ✓ Limit: 33.33%	Cash: 14.12% ✓ Limit: 33.33%
			C+AR: 27.81% ✓ Limit: 50%	C+AR: 27.81% ✓ Limit: 33.33%

N/A

Interest Income

0.25

Total

0.25

Based on the AAOIFI standards

Purification & Zakat

Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.

Rulebook

AAOIFI: Non-compliant liabilities (like Interest-based Debt) & Non-compliant Assets (like Interest-based Investments) should each be < 30% of Market cap. Source: AAOIFI SS21
S&P Shariah: Interest-based Debt < 33% of 36-mo avg. Market cap. Source: S&P Shariah Methodology
Dow Jones Islamic Market (DJIM) Rulebook: Interest-based Debt < 33% of 24-mo avg. Market cap. Source: DJIM Methodology
FTSE Shariah: Interest-based Debt and Cash and interest-bearing items should each be < 33.33% of Total Assets. Accounts receivable and cash < 50% of Total Assets. Source: FTSE RUSSELL
MSCI Islamic: Interest-based Debt, Cash and interest-bearing items, & Accounts receivable and cash should each be < 33.33% of Total Assets. Source: MSCI Islamic Indexes
Impure income < 5% for all standards.