AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: JDST
Report Date: 2026-05-06
Full Report: https://amaly.io/stock/JDST

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: JDST, the Direxion Daily Junior Gold Miners Index Bear 2X Shares, is a leveraged inverse ETF providing 2x inverse exposure to junior gold miners. This structure involves derivatives, swaps, and short-selling, which are generally non-compliant with Shariah principles due to riba, gharar, and maysir. Financial ratios are indeterminable due to the ETF's non-traditional reporting. The company operates in an unknown industry and sector, complicating direct benchmarking. Overall, JDST fails Shariah screening across major authorities and indices.

Primary Compliance Concerns:
- Leveraged inverse ETF structure involves prohibited derivatives and short-selling
- Insufficient data for financial ratio screening, but inherent speculation raises red flags
- Exposure to environmental and social risks in underlying gold mining activities
- No inclusion in any major Shariah-compliant indices

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
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Debt Ratio: 0.0%
Liquidity Ratio: 0.0%
Interest Income Ratio: 0.0%
Purification Required: 0.00%

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: 2025-11-30

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: 2026-02-23T12:00:00Z

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