AMALY — SHARIAH COMPLIANCE REPORT ================================== Symbol: DUOG Report Date: 2026-04-24 Full Report: https://amaly.io/stock/DUOG EXECUTIVE SUMMARY ------------------ Compliance Status: NON_COMPLIANT Quality Rating: B Description: The Leverage Shares 2x Long DUOL Daily ETF (DUOG) is a leveraged exchange-traded fund that seeks to provide 2x the daily performance of Duolingo (DUOL) stock using derivatives such as swaps and options. This structure introduces significant Shariah compliance challenges due to the prohibition on gharar (excessive uncertainty) and maysir (gambling-like speculation) in Islamic finance. Financial ratios cannot be traditionally calculated for ETFs, resulting in insufficient data, but the core business activity of leveraged derivative exposure renders the product non-compliant across major Shariah standards. No inclusion in Shariah indices confirms the non-compliant status. Investors seeking exposure to education technology should consider unleveraged, Shariah-screened alternatives. Primary Compliance Concerns: - Use of derivatives (swaps and options) introducing gharar and maysir - Speculative leveraged structure resembling gambling - Insufficient traditional financial data for ratio screening due to ETF nature - Underlying exposure to non-Shariah-screened single stock (DUOL) Purification Requirement: N/A (Non-compliant product; full avoidance recommended) Index Inclusion: Not included in any major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM) KEY FINANCIAL METRICS ---------------------- Debt Ratio: 0.0% Liquidity Ratio: 0.0% Interest Income Ratio: 0.0% Purification Required: 0.00% INDEX INCLUSION STATUS ----------------------- S&P Shariah: EXCLUDED MSCI Islamic: EXCLUDED DJIM: EXCLUDED FTSE Shariah: EXCLUDED Total: 0 of 4 Last Verified: 2025-12-31 REPORTING PERIOD ----------------- Latest Annual Report: FY 2025 Latest Quarterly Data: Q4 2025 Trend Period: FY 2020 to FY 2025 Data Retrieved: 2026-02-27T12:00:00Z --- Full interactive report: https://amaly.io/stock/DUOG 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.