AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: NCI
Report Date: 2026-04-01
Full Report: https://amaly.io/stock/NCI

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: This report evaluates NCI's Shariah compliance based on financial ratios, business activities, index inclusions, and multi-perspective analysis. The company fails key debt thresholds across standards, leading to non-compliance, though income ratios are acceptable. No inclusion in major Shariah indices confirms the overall status. Purification is required at 1.03% for non-compliant income. Investors should monitor debt reduction efforts.

Primary Compliance Concerns:
- Debt ratio of 184.36% exceeds all thresholds (AAOIFI 30%, MSCI 33.33%, S&P 33%)
- High leverage indicates riba exposure despite compliant income sources

Purification Requirement: 1.03%
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: 1.8%
Liquidity Ratio: 0.0%
Interest Income Ratio: 0.0%
Purification Required: 1.03%

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/NCI
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.