AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: CVRX
Report Date: 2026-05-12
Full Report: https://amaly.io/stock/CVRX

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: CVRx, Inc. (CVRX) is a medical technology company focused on neuromodulation devices for treating heart failure. This report assesses its Shariah compliance across financial ratios, business activities, ESG factors, and index inclusions. While the core business is permissible, financial screening reveals concerns with liquidity ratios exceeding thresholds in market cap-based methodologies. No inclusion in major Shariah indices results in an overall non-compliant status. Purification is required for minor interest income, and alternatives in the healthcare sector are recommended for compliant investing.

Primary Compliance Concerns:
- Liquidity ratio: 44.73% exceeds 30-33% thresholds across standards
- Interest income ratio: 3.63% requires purification though below 5% threshold

Purification Requirement: 3.63%
Index Inclusion: Not included in any of the four major Shariah-compliant indices

KEY FINANCIAL METRICS
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Debt Ratio: 22.0%
Liquidity Ratio: 44.7%
Interest Income Ratio: 3.6%
Purification Required: 3.63%

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: Q4 2025
Trend Period: FY 2020 to FY 2025
Data Retrieved: 2026-02-22T12:00:00Z

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