AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: EXFY
Report Date: 2026-05-13
Full Report: https://amaly.io/stock/EXFY

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: BBB
Description: Expensify, Inc. (EXFY) operates in the permissible Software - Application industry, providing cloud-based expense management solutions. Financial ratios indicate strong compliance with AAOIFI, MSCI, and S&P thresholds, with low debt (2.91%), adequate liquidity (27.53%), and minimal interest income (1.21%). Business activities show no non-compliant elements, though data limitations warrant ongoing monitoring. Overall, the company aligns well with Shariah principles, but index exclusion due to size impacts formal recognition.

Primary Compliance Concerns:
- Limited detailed revenue segmentation for non-permissible income confirmation
- Small market capitalization preventing index inclusion despite passing screens

Purification Requirement: 1.21%
Index Inclusion: Not included in any major Shariah indices

KEY FINANCIAL METRICS
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Debt Ratio: 2.9%
Liquidity Ratio: 27.5%
Interest Income Ratio: 1.2%
Purification Required: 1.21%

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: 2025-12-31

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: 2026-02-27T12:00:00Z

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