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

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: BBB
Description: Cipher Mining Inc. (CIFR), operating in an unknown industry, focuses on Bitcoin mining and digital asset infrastructure. Financial screening reveals strong quantitative compliance with low debt (1.91%), liquidity (0.76%), and interest income (0.41%) ratios passing all major thresholds. However, the core business activity in cryptocurrency mining introduces qualitative risks due to debates on gharar and speculation under Shariah principles. Research confirms exclusion from all major Shariah indices due to business classification. A minor purification of 0.41% is required for incidental interest income, resulting in an overall NON_COMPLIANT status with a BBB quality rating.

Primary Compliance Concerns:
- Core business in cryptocurrency mining viewed as speculative by index providers
- Exclusion from all major Shariah indices due to business activity screening

Purification Requirement: 0.41%
Index Inclusion: Not included in S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, or Dow Jones Islamic Market (DJIM)

KEY FINANCIAL METRICS
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Debt Ratio: 1.9%
Liquidity Ratio: 0.0%
Interest Income Ratio: 0.0%
Purification Required: 0.41%

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: 2025-11-30

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: 2026-02-24T12:00:00Z

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