AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: MERC
Report Date: 2026-07-03
Full Report: https://amaly.io/stock/MERC

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: MERC, operating in an unknown industry, fails key Shariah financial screening criteria due to excessively high debt and liquidity ratios relative to market capitalization, alongside elevated non-compliant income. Despite a generally permissible core business model, the company's financial structure leads to exclusion from all major Shariah-compliant indices. Regional and global assessments consistently rate it as non-compliant, with purification required for any impure income. Investors should monitor for debt restructuring to potentially improve compliance status.

Primary Compliance Concerns:
- Debt ratio: 565.56% exceeds all thresholds (AAOIFI 30%, MSCI 33.33%, S&P 33%)
- Liquidity ratio: 67.52% exceeds all thresholds
- Non-compliant income: 17.62% exceeds 5% threshold across standards

Purification Requirement: 17.62%
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: 565.6%
Liquidity Ratio: 67.5%
Interest Income Ratio: 17.6%
Purification Required: 17.62%

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: 2025-12-15

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/MERC
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.