Tate & Lyle PLC

TATYY

Not Compliant
Exchange
Sector
Headquarters
Group
OTC
Consumer Non-Cyclicals
United Kingdom
Mid cap

Tate & Lyle PLC is not Shariah Compliant because it fails the financial ratios.

0.72%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Mid cap
0
$0
$0.00
$0.00
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
23.21%
13.82%
2.53%
1.21
2.16
0.00%

Shariah Compliance

Debt
54.61%
Non-Compliant Assets
3.64%
Impure Income
0.72%

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
49.04%
Impure Income
0.72%

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
50.75%
Impure Income
0.72%

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
35%
Cash
11.28%
Cash & AR
19.97%
Impure Income
0.72%

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
35%
Cash
11.28%
Cash & AR
19.97%
Impure Income
0.72%

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
0.72%

Note on Purification and 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. 

Company Profile

Tate & Lyle PLC is a specialty food and beverage solutions company. The Company is engaged in providing ingredients and solutions to the food, beverages, and other industries. It operates through four segments: Food & Beverage Solutions, Sucralose, Primary Products Europe, and CP Kelco. The Food & Beverage Solutions segment operates in the core categories of beverages; dairy; soups, sauces and dressings; and bakery and snacks. The Sucralose segment includes a high-intensity sweetener and a sugar reduction ingredient, which is used in various food categories and beverages. The Primary Products Europe segment focuses principally on high-volume sweeteners and industrial starches. The CP Kelco segment is a provider of pectin, specialty gums and other nature-based ingredients. The Company’s ingredient solutions consist of CLARIA Functional Clean Label Starch; TASTEVA Stevia Sweetener; PROMITOR Soluble Fiber; KRYSTAR Crystalline Fructose, SPLENDA Sucralose, and others.

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