AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: INEO
Report Date: 2026-04-17
Full Report: https://amaly.io/stock/INEO

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: INNEOVA Holdings Ltd (INEO), a manufacturer of replacement parts for motor vehicles and combustion engines serving various industrial sectors, faces significant Shariah compliance challenges primarily due to a high debt ratio of 59.06%, exceeding thresholds across major standards. While business activities are permissible and non-permissible income is negligible at 0%, the financial leverage disqualifies it under AAOIFI, MSCI, and S&P methodologies. No inclusion in major Shariah indices confirms non-compliance status. Purification is required for minor interest income, but structural debt issues persist. Investors should monitor debt reduction efforts for potential future compliance.

Primary Compliance Concerns:
- High debt ratio of 59.06% exceeds 30-33% thresholds across standards
- Reliance on conventional interest-bearing debt structures

Purification Requirement: 1.14%
Index Inclusion: Not included in any major Shariah indices (S&P, MSCI, FTSE, DJIM)

KEY FINANCIAL METRICS
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Debt Ratio: 59.1%
Liquidity Ratio: 11.7%
Interest Income Ratio: 1.1%
Purification Required: 1.14%

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: 2026-02-28T12:00:00Z

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