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

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: Neurogene Inc. (NGNE), a clinical-stage biotechnology company developing gene therapies for rare neurological diseases, demonstrates a permissible core business under Shariah principles but faces significant financial screening challenges. High liquidity (75.3%) and interest income ratio (806.59%) driven by pre-revenue status and cash holdings from equity financing lead to non-compliance across major standards. No inclusion in Shariah indices reflects these issues, though the healthcare focus aligns with Islamic values of preserving life. Purification is required for any impure income, and investors should monitor financial maturation post-commercialization. Overall, the stock is non-compliant with moderate quality due to financial concerns.

Primary Compliance Concerns:
- Liquidity Ratio: 75.30% (exceeds 30-33% thresholds across standards)
- Interest Income Ratio: 806.59% (exceeds 5% impure income thresholds)

Purification Requirement: 806.59%
Index Inclusion: Not included in any of the major Shariah-compliant indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, or Dow Jones Islamic Market.

KEY FINANCIAL METRICS
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Debt Ratio: 3.5%
Liquidity Ratio: 75.3%
Interest Income Ratio: 806.6%
Purification Required: 8.07%

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: 2025-12-31

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: 2026-02-28T12:00:00Z

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