AMALY — SHARIAH COMPLIANCE REPORT ================================== Symbol: BITO Report Date: 2026-04-01 Full Report: https://amaly.io/stock/BITO EXECUTIVE SUMMARY ------------------ Compliance Status: NON_COMPLIANT Quality Rating: B Description: The Shariah compliance analysis for BITO, a Bitcoin futures ETF, indicates non-compliance primarily due to the speculative nature of cryptocurrency derivatives, which involve gharar and maysir. Financial ratios cannot be meaningfully assessed due to the ETF structure lacking traditional balance sheets, but business activity screening fails on core prohibitions. No inclusion in major Shariah indices reinforces the non-compliant status. ESG factors show low risk with no controversies, but the underlying asset's environmental impact from Bitcoin mining is noted indirectly. Investors should avoid or monitor closely pending evolving fatwas on digital assets. Primary Compliance Concerns: - Speculative business activity in Bitcoin futures (100% revenue exposure, violating gharar and maysir prohibitions) - Exclusion from all major Shariah indices due to non-permissible derivatives - Insufficient traditional financial data for ratio screening, but core activity disqualifies - Potential riba exposure through futures leverage mechanisms Purification Requirement: 0.00% Index Inclusion: Not included in any of the four major Shariah-compliant indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, or Dow Jones Islamic Market. KEY FINANCIAL METRICS ---------------------- Debt Ratio: 0.0% Liquidity Ratio: 0.0% Interest Income Ratio: 0.0% Purification Required: 0.00% INDEX INCLUSION STATUS ----------------------- S&P Shariah: EXCLUDED MSCI Islamic: EXCLUDED DJIM: EXCLUDED FTSE Shariah: EXCLUDED Total: 0 of 4 Last Verified: 2025-11-30 REPORTING PERIOD ----------------- Latest Annual Report: FY 2025 Latest Quarterly Data: Q4 2025 Trend Period: FY 2020 to FY 2025 Data Retrieved: 2026-02-14T12:00:00Z --- Full interactive report: https://amaly.io/stock/BITO 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.