AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: CRCL
Report Date: 2026-05-04
Full Report: https://amaly.io/stock/CRCL

EXECUTIVE SUMMARY
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Compliance Status: COMPLIANT
Quality Rating: AA
Description: CRCL, a fintech company specializing in stablecoin issuance, exhibits strong financial ratio compliance across major Shariah standards, with low debt and liquidity ratios and interest income below thresholds. However, its core business in digital assets raises qualitative concerns regarding speculation and uncertainty in certain regional and scholarly views. Index inclusion in key global Shariah benchmarks supports overall compliance, though purification is required for minor non-compliant income. The company's ESG profile is positive with low risk, aligning well with Islamic principles of stewardship and social responsibility. Investors should monitor evolving fatwas on cryptocurrencies for long-term suitability.

Primary Compliance Concerns:
- Historical high interest income ratios (e.g., 93.31% in FY2022), now improved to 3.25%

Purification Requirement: 3.25%
Index Inclusion: Included in S&P Dow Jones Shariah Indices and FTSE Shariah Indices; Excluded from MSCI Islamic Indices; Not included in Dow Jones Islamic Market (DJIM)

KEY FINANCIAL METRICS
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Debt Ratio: 0.0%
Liquidity Ratio: 0.0%
Interest Income Ratio: 0.0%
Purification Required: 3.25%

INDEX INCLUSION STATUS
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S&P Shariah: INCLUDED
MSCI Islamic: EXCLUDED
DJIM: EXCLUDED
FTSE Shariah: INCLUDED
Total: 2 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: 2026-02-25T00:00:00Z

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