AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: AGQ
Report Date: 2026-05-15
Full Report: https://amaly.io/stock/AGQ

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: AGQ is a leveraged exchange-traded fund (ETF) that seeks daily investment results corresponding to twice (200%) the daily performance of the Bloomberg Silver Subindex. As a derivative-based product, it raises significant Shariah compliance concerns related to gharar (uncertainty), maysir (gambling), and potential riba (interest) in its leverage mechanisms. This report assesses its compliance across financial ratios, business activities, indices, and multi-perspective views, concluding non-compliance primarily due to its structure rather than the underlying silver commodity, which is halal.

Primary Compliance Concerns:
- Use of derivatives and futures contracts introducing gharar and maysir
- Leveraged structure potentially involving riba through swap agreements
- Exclusion from all major Shariah-compliant indices due to speculative nature

Purification Requirement: 0.00%
Index Inclusion: Not included in S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, or Dow Jones Islamic Market (DJIM)

KEY FINANCIAL METRICS
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Debt Ratio: 0.0%
Liquidity Ratio: 0.0%
Interest Income Ratio: 0.0%
Purification Required: 0.00%

INDEX INCLUSION STATUS
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S&P Shariah: INCLUDED
MSCI Islamic: INCLUDED
DJIM: INCLUDED
FTSE Shariah: INCLUDED
Total: 4 of 4
Last Verified: 2025-12-31

REPORTING PERIOD
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Latest Annual Report: FY 2025
Latest Quarterly Data: Q1 2026
Trend Period: FY 2020 to FY 2025
Data Retrieved: 2026-02-22T00:00:00Z

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Full interactive report: https://amaly.io/stock/AGQ
Provided by Amaly (https://amaly.io) — Shariah Compliant Stock Screener
Disclaimer: This data is for informational purposes only and does not constitute financial or religious advice.