AMALY — SHARIAH COMPLIANCE REPORT ================================== Symbol: IONX Report Date: 2026-04-07 Full Report: https://amaly.io/stock/IONX EXECUTIVE SUMMARY ------------------ Compliance Status: NON_COMPLIANT Quality Rating: B Description: The Defiance Daily Target 2X Long IONQ ETF (IONX) is a leveraged exchange-traded fund that seeks to provide two times the daily performance of IonQ, Inc., a quantum computing company, through investments in swap contracts and options. This structure raises significant Shariah compliance concerns due to the use of derivatives, which introduce elements of gharar (uncertainty) and maysir (gambling). Financial ratios cannot be calculated meaningfully for this ETF, resulting in insufficient data across all screening criteria. The ETF is not included in any major Shariah-compliant indices, leading to an overall non-compliant status. Investors are advised to consider direct exposure to compliant technology equities or Shariah-screened funds as alternatives. Primary Compliance Concerns: - Use of derivative instruments (swaps and options) introducing gharar and maysir - Speculative leveraged structure akin to gambling - Insufficient financial data for ratio-based screening due to ETF nature - Indirect exposure to defense contracts via underlying IonQ asset Purification Requirement: 0.00% Index Inclusion: Not included in S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, or Dow Jones Islamic Market (DJIM) KEY FINANCIAL METRICS ---------------------- Debt Ratio: 0.0% Liquidity Ratio: 0.0% Interest Income Ratio: 0.0% Purification Required: 0.00% INDEX INCLUSION STATUS ----------------------- S&P Shariah: EXCLUDED MSCI Islamic: EXCLUDED DJIM: EXCLUDED FTSE Shariah: EXCLUDED Total: 0 of 4 Last Verified: 2025-11-30 REPORTING PERIOD ----------------- Latest Annual Report: FY 2025 Latest Quarterly Data: Q4 2025 Trend Period: FY 2021 to FY 2025 Data Retrieved: 2026-03-01T12:00:00Z --- Full interactive report: https://amaly.io/stock/IONX 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.