AMALY — SHARIAH COMPLIANCE REPORT
==================================
Symbol: CNEY
Report Date: 2026-04-11
Full Report: https://amaly.io/stock/CNEY

EXECUTIVE SUMMARY
------------------
Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: CN Energy Group. Inc. (CNEY), a manufacturer of wood-based activated carbon and biomass electricity producer in the Chemicals - Specialty industry, demonstrates a halal core business with no non-permissible revenue streams. However, elevated debt levels at 52.37% of market capitalization result in failure across major Shariah financial screening criteria, leading to exclusion from Islamic indices. Minor interest income requires 0.47% purification. Overall, the company is non-compliant but shows potential for future alignment through debt reduction. ESG factors are low risk, with positive environmental contributions from sustainable products.

Primary Compliance Concerns:
- Debt Ratio: 52.37% exceeds thresholds of 30-33% across AAOIFI, MSCI, and S&P standards

Purification Requirement: 0.47%
Index Inclusion: Excluded from all major Shariah indices (S&P, MSCI, FTSE, DJIM)

KEY FINANCIAL METRICS
----------------------
Debt Ratio: 52.4%
Liquidity Ratio: 27.4%
Interest Income Ratio: 0.0%
Purification Required: 0.47%

INDEX INCLUSION STATUS
-----------------------
S&P Shariah: EXCLUDED
MSCI Islamic: EXCLUDED
DJIM: EXCLUDED
FTSE Shariah: EXCLUDED
Total: 0 of 4
Last Verified: 2026-01-31

REPORTING PERIOD
-----------------
Latest Annual Report: FY 2025
Latest Quarterly Data: Q1 2026
Trend Period: FY 2020 to FY 2025
Data Retrieved: 2026-04-02T00:00:00Z

---
Full interactive report: https://amaly.io/stock/CNEY
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.