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

EXECUTIVE SUMMARY
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Compliance Status: COMPLIANT
Quality Rating: AAA
Description: Nokia Corporation (NOK), a leading provider of telecommunications equipment and services, undergoes rigorous Shariah compliance screening. The company demonstrates strong financial health with all key ratios well within permissible thresholds across AAOIFI, MSCI, and S&P standards. Business activities in telecom infrastructure are deemed halal, with no significant non-compliant revenue streams identified. Inclusion in all major Shariah indices confirms overall compliance, though minor purification is required for incidental interest income. This report provides a multi-perspective analysis, highlighting robust ESG alignment and low risk profile.

Primary Compliance Concerns:
- Low confidence in non-permissible income estimation due to limited segment data; recommend detailed business activity review

Purification Requirement: 3.68%
Index Inclusion: Included in 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: 18.1%
Liquidity Ratio: 25.8%
Interest Income Ratio: 3.7%
Purification Required: 3.68%

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: 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: 2026-02-17T12:00:00Z

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