AMALY — SHARIAH COMPLIANCE REPORT
==================================
Symbol: ISPR
Report Date: 2026-06-29
Full Report: https://amaly.io/stock/ISPR

EXECUTIVE SUMMARY
------------------
Compliance Status: NON_COMPLIANT
Quality Rating: BB
Description: ISPR operates as a real estate investment trust (REIT) focused on acquiring and leasing properties to state-licensed cannabis operators. While financial ratios meet Shariah screening thresholds across AAOIFI, MSCI, and S&P standards, the core business activity involving the facilitation of cannabis production and distribution—considered haram under Islamic principles—renders the company non-compliant. No inclusion in major Shariah indices confirms this status. Investors should note the high qualitative risk despite strong quantitative metrics. Purification is required for incidental non-compliant income, but the business model disqualifies overall investment.

Primary Compliance Concerns:
- Core business activity: 100% revenue from leasing properties to cannabis operators, classified as haram due to involvement in intoxicants

Purification Requirement: 15%
Index Inclusion: Not included in any of the major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM)

KEY FINANCIAL METRICS
----------------------
Debt Ratio: 4.4%
Liquidity Ratio: 13.6%
Interest Income Ratio: 0.0%
Purification Required: 0.15%

INDEX INCLUSION STATUS
-----------------------
S&P Shariah: EXCLUDED
MSCI Islamic: EXCLUDED
DJIM: EXCLUDED
FTSE Shariah: EXCLUDED
Total: 0 of 4
Last Verified: 2026-01-31

REPORTING PERIOD
-----------------
Latest Annual Report: FY 2025
Latest Quarterly Data: Q4 2025
Trend Period: FY 2020 to FY 2025
Data Retrieved: 2026-02-27T00:00:00Z

---
Full interactive report: https://amaly.io/stock/ISPR
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.