AMALY — SHARIAH COMPLIANCE REPORT
==================================
Symbol: CONX
Report Date: 2026-04-22
Full Report: https://amaly.io/stock/CONX

EXECUTIVE SUMMARY
------------------
Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: CONX, a SPAC in the unknown industry, shows critical non-compliance primarily due to an anomalously high interest income ratio of 323.59% of revenue, indicating significant riba exposure from investment activities. Debt and liquidity ratios are compliant at 0% and 4.59%, respectively, but the income impurity dominates assessments across standards. No inclusion in major Shariah indices underscores the non-compliant status, with business activities requiring further scrutiny post-merger. Purification requirements exceed 100%, suggesting full dividend ineligibility. Overall, this stock is unsuitable for Shariah-compliant portfolios without substantial restructuring.

Primary Compliance Concerns:
- Excessive interest income ratio of 323.59% exceeding 5% threshold across all standards
- Insufficient transparency on business activities as a SPAC/holding company
- Potential riba from investment portfolio

Purification Requirement: 100%
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
----------------------
Debt Ratio: 0.0%
Liquidity Ratio: 4.6%
Interest Income Ratio: 323.6%
Purification Required: 100.00%

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: 2026-02-16T12:00:00Z

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