AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: FRGT
Report Date: 2026-04-02
Full Report: https://amaly.io/stock/FRGT

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: Freight Technologies, Inc. (FRGT) operates in the logistics technology sector, providing freight management solutions. While its core business activities are Shariah-compliant, the company fails financial screening due to an interest income ratio of 6.97%, exceeding the 5% threshold across major standards. Debt and liquidity ratios are well within limits, and no non-permissible business activities or significant ESG controversies were identified. The stock is excluded from all major Shariah indices, resulting in a non-compliant status. Investors may consider purification of impure income, but overall investment requires scholarly consultation.

Primary Compliance Concerns:
- interestIncomeRatio: 6.97% (threshold: 5%)

Purification Requirement: 6.97%
Index Inclusion: Not included in any major Shariah indices: S&P Dow Jones, MSCI, FTSE, or DJIM

KEY FINANCIAL METRICS
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Debt Ratio: 20.0%
Liquidity Ratio: 2.1%
Interest Income Ratio: 7.0%
Purification Required: 6.97%

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: 2025-12-01

REPORTING PERIOD
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Latest Annual Report: FY 2024
Latest Quarterly Data: Q3 2025
Trend Period: FY 2020 to FY 2024
Data Retrieved: 2026-02-21T00:00:00Z

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