AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: NOTE
Report Date: 2026-04-09
Full Report: https://amaly.io/stock/NOTE

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: NOTE, operating in the Unknown industry, provides policy and market intelligence software services. The company fails multiple Shariah financial screening criteria, particularly due to elevated debt-to-market-cap ratio (145.26%) and interest income ratio (34.92%), both exceeding standard thresholds. Business activities appear permissible with no non-compliant revenue sources identified. Overall, the stock is classified as NON_COMPLIANT based on exclusion from major Shariah indices. A purification rate of 34.92% is recommended for any dividends received, and investors should monitor ongoing deleveraging efforts for potential future compliance.

Primary Compliance Concerns:
- Debt ratio: 145.26% exceeds 30-33% thresholds across standards
- Liquidity ratio: 47.04% exceeds 30-33% thresholds
- Interest income ratio: 34.92% exceeds 5% threshold

Purification Requirement: 34.92%
Index Inclusion: Excluded from all major Shariah indices (S&P, MSCI, FTSE, DJIM)

KEY FINANCIAL METRICS
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Debt Ratio: 145.3%
Liquidity Ratio: 47.0%
Interest Income Ratio: 34.9%
Purification Required: 34.92%

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: 2026-02-21T12:00:00Z

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