AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: ANIK
Report Date: 2026-04-29
Full Report: https://amaly.io/stock/ANIK

EXECUTIVE SUMMARY
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Compliance Status: COMPLIANT
Quality Rating: AA
Description: Anika Therapeutics, Inc. (ANIK) is a Shariah-compliant investment opportunity in the medical devices sector, with inclusion in all major Islamic indices despite a minor liquidity threshold issue under AAOIFI standards. The company's focus on halal orthopedic care products supports strong business activity compliance, while financial ratios are generally favorable. Purification of 1.55% is required for incidental interest income. Overall, ANIK offers a quality AA-rated compliant stock for Islamic portfolios.

Primary Compliance Concerns:
- Liquidity Ratio: 30.59% (threshold: 30%)

Purification Requirement: 1.55%
Index Inclusion: Included in S&P, MSCI, FTSE, and DJIM Shariah Indices

KEY FINANCIAL METRICS
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Debt Ratio: 14.6%
Liquidity Ratio: 30.6%
Interest Income Ratio: 1.6%
Purification Required: 1.55%

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: 2025-12-15

REPORTING PERIOD
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Latest Annual Report: FY 2025
Latest Quarterly Data: Q4 2025
Trend Period: FY 2020 to FY 2025
Data Retrieved: 2026-03-01T12:00:00Z

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Full interactive report: https://amaly.io/stock/ANIK
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.