AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: GTN
Report Date: 2026-05-07
Full Report: https://amaly.io/stock/GTN

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: Gray Media, Inc. (GTN) is a U.S.-based television broadcasting company operating in the Communication Services sector. While its core business activities in broadcasting local news and affiliated networks are generally permissible under Shariah principles, the company fails financial screening criteria due to excessively high debt-to-market cap ratio (1306.66%), liquidity ratio (48.01%), and interest income ratio (16.32%). No significant non-permissible business activities were identified. Based on index inclusion research, GTN is not included in any major Shariah-compliant indices, leading to a NON_COMPLIANT overall status. Investors should consider purification of 16.32% for any dividends received and monitor debt reduction efforts.

Primary Compliance Concerns:
- Excessive debt ratio exceeding all thresholds
- High interest income from conventional financing
- Liquidity ratio breaches market cap-based limits

Purification Requirement: 16.32%
Index Inclusion: Not included in S&P Dow Jones Shariah, MSCI Islamic, FTSE Shariah, or DJIM indices

KEY FINANCIAL METRICS
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Debt Ratio: 1306.7%
Liquidity Ratio: 48.0%
Interest Income Ratio: 16.3%
Purification Required: 16.32%

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: 2026-01-15

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: 2026-03-01T12:00:00Z

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