AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: BZAI
Report Date: 2026-04-17
Full Report: https://amaly.io/stock/BZAI

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: Blaize Holdings, Inc. (BZAI) operates in the semiconductors industry, providing AI-enabled edge computing solutions. While its core business activities are permissible under Shariah principles, the company fails financial screening due to an exceptionally high interest income ratio of 297.39%, far exceeding the 5% threshold across all standards. Debt and liquidity ratios are compliant, and no non-permissible business activities or significant ESG controversies were identified. Index exclusion confirms non-compliance, with a B quality rating reflecting strong business permissibility but critical financial purity issues.

Primary Compliance Concerns:
- Interest income ratio of 297.39% exceeds 5% threshold across AAOIFI, MSCI, and S&P standards
- High reliance on riba-based income in a pre-revenue stage raises purification challenges

Purification Requirement: 297.39%
Index Inclusion: Excluded from all major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM)

KEY FINANCIAL METRICS
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Debt Ratio: 0.0%
Liquidity Ratio: 0.0%
Interest Income Ratio: 3.0%
Purification Required: 2.97%

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: 2026-01-31

REPORTING PERIOD
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Latest Annual Report: FY 2025
Latest Quarterly Data: Q1 2026
Trend Period: FY 2021 to FY 2025
Data Retrieved: 2026-04-02T12:00:00Z

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