AMALY — SHARIAH COMPLIANCE REPORT ================================== Symbol: EEM Report Date: 2026-04-01 Full Report: https://amaly.io/stock/EEM EXECUTIVE SUMMARY ------------------ Compliance Status: NON_COMPLIANT Quality Rating: B Description: The iShares MSCI Emerging Markets ETF (EEM) is a passive fund tracking the MSCI Emerging Markets Index, providing exposure to equities from emerging economies. Due to its unscreened holdings including significant allocations to conventional finance and other non-permissible activities, EEM fails Shariah compliance across major standards. Financial ratios are challenging to apply directly to the ETF structure, but aggregate analysis of holdings indicates exceedances in debt and impure income thresholds. The fund is excluded from all major Shariah indices, confirming its non-compliant status. Investors seeking emerging markets exposure should consider Shariah-screened alternatives. Primary Compliance Concerns: - Significant exposure to conventional financial services (approx. 25% of holdings) - Aggregate non-permissible income exceeding 5% threshold - Exclusion from all major Shariah-compliant indices - Indirect involvement in haram activities through diversified emerging market portfolio Purification Requirement: 10.00% Index Inclusion: Not included in any of the major Shariah-compliant indices: S&P Dow Jones Shariah, MSCI Islamic, FTSE Shariah, or DJIM. KEY FINANCIAL METRICS ---------------------- Debt Ratio: 35.0% Liquidity Ratio: 20.0% Interest Income Ratio: 10.0% Purification Required: 10.00% 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: Q4 2025 Trend Period: FY 2020 to FY 2025 Data Retrieved: 2026-02-20T12:00:00Z --- Full interactive report: https://amaly.io/stock/EEM 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.