AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: BQ
Report Date: 2026-04-23
Full Report: https://amaly.io/stock/BQ

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: Boqii Holding Limited (BQ) is a China-based pet retail platform offering compliant core activities such as e-commerce sales of pet food, supplies, and veterinary products. However, severe financial ratio failures, including a debt-to-market-cap ratio of 4085.19% and liquidity ratio of 3481.02%, render it non-compliant under major Shariah standards despite negligible non-permissible income (0.02%). The company is excluded from all key Shariah indices due to these metrics. A minimal purification rate of 0.02% applies to interest income. Overall, BQ presents business permissibility but critical financial risks, suitable only for monitoring with potential debt restructuring.

Primary Compliance Concerns:
- Debt Ratio: 4085.19% (exceeds all thresholds: AAOIFI 30%, MSCI 33.33%, S&P 33%)
- Liquidity Ratio: 3481.02% (exceeds all thresholds: AAOIFI 30%, MSCI 33.33%, S&P 33%)

Purification Requirement: 0.02%
Index Inclusion: Not included in any major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM).

KEY FINANCIAL METRICS
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Debt Ratio: 4085.2%
Liquidity Ratio: 3481.0%
Interest Income Ratio: 0.0%
Purification Required: 0.02%

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: 2026-03-31

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: 2026-04-02T12:00:00Z

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