AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: ASPN
Report Date: 2026-05-07
Full Report: https://amaly.io/stock/ASPN

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: This report evaluates Aspen Aerogels, Inc. (ASPN), a company in the Unknown industry, for Shariah compliance across financial, business activity, and governance dimensions. While the core business of aerogel insulation manufacturing is permissible, financial ratios indicate challenges with debt and liquidity thresholds under strict standards. Index exclusion leads to an overall non-compliant status, though regional variations exist. Purification is required for minor non-compliant income, and ESG factors show low risk alignment with Islamic principles.

Primary Compliance Concerns:
- debtRatio: 32.04% (threshold: 30%)
- liquidityRatio: 34.01% (threshold: 30%)

Purification Requirement: 3.62%
Index Inclusion: Excluded from all major Shariah indices: S&P Dow Jones, MSCI, FTSE, and DJIM.

KEY FINANCIAL METRICS
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Debt Ratio: 32.0%
Liquidity Ratio: 34.0%
Interest Income Ratio: 3.6%
Purification Required: 3.62%

INDEX INCLUSION STATUS
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S&P Shariah: EXCLUDED
MSCI Islamic: EXCLUDED
DJIM: EXCLUDED
FTSE Shariah: EXCLUDED
Total: 0 of 4
Last Verified: 2025-12-31

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: 2026-02-26T00:00:00Z

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