our Methodology
The Qrc System support most of the national methodoliges (AAIOF - FTSE .... ) but we have also our methodology called QRC Standard
The Qrc System support most of the national methodoliges (AAIOF - FTSE .... ) but we have also our methodology called QRC Standard
QRC excludes securities using two types of criteria business activity and financial ratios. Securities for which sufficient financial information is not available to determine the business activity information and financial ratios described in the following sections are considered non‐compliant with the Islamic Index Methodology.
As per the current Shariah guidelines, purification is carried out on any interest income earned and paid to the shareholder through dividends only. The existing mechanism only purifies the dividend income portion of the shareholder and that too on a partial basis. A dividend purification rate is calculated for each company and applied to the dividend income earned from that company. Currently the formula for calculating dividend purification rate is as follows:Interest Income / Total Revenue
