AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: NBIL
Report Date: 2026-04-11
Full Report: https://amaly.io/stock/NBIL

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: NBIL, as a high-income ETF focused on global bonds, faces fundamental Shariah compliance challenges due to its reliance on interest-bearing securities, which constitute riba. Financial data is insufficient for precise ratio calculations, but the core business activity disqualifies it from compliance. No inclusion in major Shariah indices confirms its non-compliant status. ESG factors show low risk, but legacy controversies require monitoring. Overall, investors should avoid or seek purified alternatives in compliant sectors.

Primary Compliance Concerns:
- Core business activity involves riba through investment in conventional high-yield bonds
- Exclusion from all major Shariah-compliant indices
- Insufficient financial data preventing quantitative ratio validation
- Potential non-permissible income exceeding 5% threshold implicitly due to ETF structure

Purification Requirement: 0.00%
Index Inclusion: Not included in any major Shariah indices (S&P, MSCI, FTSE, 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: INCLUDED
MSCI Islamic: INCLUDED
DJIM: INCLUDED
FTSE Shariah: INCLUDED
Total: 4 of 4
Last Verified: Unknown

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: 2026-02-19T12:00:00Z

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