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

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: Nu Holdings Ltd. (NU), a leading digital banking platform in Latin America, undergoes Shariah compliance screening revealing non-compliance primarily due to its core involvement in conventional interest-bearing financial services (riba) and exceeding liquidity thresholds across major standards. While financial ratios for debt and non-compliant income meet requirements, the business model and liquidity position lead to exclusion from all major Shariah indices. This report provides a multi-perspective analysis, highlighting regional variations and ESG alignment, with recommendations for purification where applicable and alternative investments.

Primary Compliance Concerns:
- Core business activities involve conventional interest-bearing products (riba), disqualifying under business activity screening
- Liquidity ratio of 37.41% exceeds AAOIFI (30%), MSCI (33.33%), and S&P (33%) thresholds

Purification Requirement: 0.00%
Index Inclusion: Not included in any major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM)

KEY FINANCIAL METRICS
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Debt Ratio: 2.7%
Liquidity Ratio: 37.4%
Interest Income Ratio: 0.0%
Purification Required: 0.00%

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: 2025-09-30

REPORTING PERIOD
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Latest Annual Report: FY 2024
Latest Quarterly Data: Q3 2025
Trend Period: FY 2020 to FY 2025
Data Retrieved: 2026-02-14T12:00:00Z

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