AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: IVDA
Report Date: 2026-05-28
Full Report: https://amaly.io/stock/IVDA

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: This report evaluates the Shariah compliance of IVDA, a company in the unknown industry, based on financial ratios, business activities, index inclusions, and multi-perspective analysis. Key concerns include a high liquidity ratio indicating potential riba exposure from excess cash holdings, though debt and income ratios are generally compliant. The company is not included in any major Shariah indices, leading to an overall non-compliant status. Purification is required for the 2.02% interest income. Investors should monitor liquidity deployment and consult scholars for regional variations.

Primary Compliance Concerns:
- Liquidity ratio of 47.82% exceeds thresholds (AAOIFI: 30%, MSCI/SP: 33%)
- Interest income ratio of 2.02% requires purification, though below 5% threshold

Purification Requirement: 2.02%
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: 21.3%
Liquidity Ratio: 47.8%
Interest Income Ratio: 2.0%
Purification Required: 2.02%

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: 2026-01-01

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: 2026-02-14T12:00:00Z

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