AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: GFAI
Report Date: 2026-10-07
Full Report: https://amaly.io/stock/GFAI

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: Guardforce AI Co., Limited (GFAI), operating in the unknown industry, provides AI-driven security and surveillance services. The company's business activities are Shariah-compliant, with no non-permissible revenue identified. However, financial screening reveals a critical failure in the liquidity ratio (167.77%), exceeding thresholds across major standards, leading to non-compliance in index inclusions. Debt and income ratios meet requirements, but overall status is determined by index exclusion. Purification of 1.96% is required for incidental interest income.

Primary Compliance Concerns:
- Excessive liquidity ratio of 167.77% exceeding all major thresholds
- Insufficient granular data for asset-based MSCI screening
- Potential risks from high cash holdings in interest-bearing instruments

Purification Requirement: 1.96%
Index Inclusion: Excluded from all major Shariah indices: S&P Dow Jones, MSCI, FTSE, and DJIM.

KEY FINANCIAL METRICS
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Debt Ratio: 20.9%
Liquidity Ratio: 167.8%
Interest Income Ratio: 2.0%
Purification Required: 1.96%

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: 2026-02-20T12:00:00Z

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