AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: OKLL
Report Date: 2026-04-07
Full Report: https://amaly.io/stock/OKLL

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: The Defiance Daily Target 2x Long OKLO ETF (OKLL) is a leveraged exchange-traded fund designed to provide 2x the daily performance of OKLO stock using derivatives like swaps and options. This structure inherently involves elements of speculation and uncertainty, leading to non-compliance under major Shariah standards. Financial ratios are indeterminable due to the ETF's nature, but the core business model fails qualitative screens for gharar and maysir. No inclusion in Shariah indices confirms the non-compliant status. Investors should consider non-leveraged, Shariah-compliant alternatives in clean energy or asset management.

Primary Compliance Concerns:
- Business model involves prohibited derivatives (swaps and options) introducing gharar and maysir
- Leveraged structure amplifies speculation, akin to gambling
- Insufficient data for financial ratios, but qualitative failure overrides
- No inclusion in any major Shariah indices

Purification Requirement: 0.00%
Index Inclusion: Not included in S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, or Dow Jones Islamic Market (DJIM)

KEY FINANCIAL METRICS
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Debt Ratio: 0.0%
Liquidity Ratio: 0.0%
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: 2025-11-30

REPORTING PERIOD
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Latest Annual Report: FY 2025
Latest Quarterly Data: Q4 2025
Trend Period: FY 2021 to FY 2025
Data Retrieved: 2026-02-27T12:00:00Z

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