AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: KLAR
Report Date: 2026-05-14
Full Report: https://amaly.io/stock/KLAR

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: KLAR (Klarna), a leading buy-now-pay-later fintech provider, undergoes rigorous Shariah screening revealing mixed compliance. While debt levels are low across standards, liquidity exceeds AAOIFI thresholds, and interest income slightly surpasses permissible limits, leading to non-compliance under strict global benchmarks. Business activities in conventional financing raise qualitative concerns, though regional views vary. No inclusion in major Shariah indices confirms overall non-compliance, with purification required for any impure income. Investors should monitor fintech evolution for potential Shariah-compliant restructuring.

Primary Compliance Concerns:
- Liquidity ratio exceeds AAOIFI 30% threshold at 30.93%
- Interest income ratio at 5.77% borderline across standards
- Business model involves conventional BNPL with potential riba elements

Purification Requirement: 5.77%
Index Inclusion: Not included in any major Shariah indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, or DJIM.

KEY FINANCIAL METRICS
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Debt Ratio: 0.0%
Liquidity Ratio: 0.0%
Interest Income Ratio: 0.0%
Purification Required: 5.77%

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: 2026-02-20T12:00:00Z

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