AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: IQST
Report Date: 2026-04-09
Full Report: https://amaly.io/stock/IQST

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: iQSTEL Inc. (IQST), a provider of telecommunications and technology solutions, demonstrates strong financial compliance with Shariah screening criteria, featuring minimal debt (0.66%), low liquidity holdings (0.08%), and interest income (1.4%) well below thresholds. However, as a micro-cap company, it is not included in any major Shariah indices, leading to an overall NON_COMPLIANT classification per index-based determination. The core business in voice services, SMS, and infrastructure is permissible, with no non-compliant activities identified. Purification is required for the minor interest income portion. Investors may consider it for direct screening but should note the lack of index validation.

Primary Compliance Concerns:
- Absence from major Shariah indices due to small market capitalization and liquidity constraints

Purification Requirement: 1.4%
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
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Debt Ratio: 0.0%
Liquidity Ratio: 0.0%
Interest Income Ratio: 1.4%
Purification Required: 1.40%

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/IQST
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.