AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: MRNO
Report Date: 2026-04-06
Full Report: https://amaly.io/stock/MRNO

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: MRNO exhibits severe non-compliance with Shariah financial screening criteria, primarily driven by an extraordinarily high debt ratio of 231.71% and interest income ratio of 268.02%, far exceeding thresholds across AAOIFI, MSCI, and S&P standards. The company's unknown industry and lack of detailed business activity data limit qualitative assessment, but the financial structure indicates significant riba exposure. ESG analysis reveals high risks from environmental spills, labor incidents, and ongoing corruption investigations, conflicting with Islamic principles of stewardship and justice. Exclusion from all major Shariah indices confirms overall non-compliance, with a low quality rating reflecting critical financial weaknesses. Investors are advised to avoid or monitor closely for restructuring.

Primary Compliance Concerns:
- debtRatio: 231.71% (threshold: 30%)
- interestIncomeRatio: 268.02% (threshold: 5%)

Purification Requirement: 100.00%
Index Inclusion: Excluded from all major Shariah indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, and Dow Jones Islamic Market.

KEY FINANCIAL METRICS
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Debt Ratio: 231.7%
Liquidity Ratio: 9.6%
Interest Income Ratio: 268.0%
Purification Required: 100.00%

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: 2026-01-31

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: 2026-02-15T12:00:00Z

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