AMALY — SHARIAH COMPLIANCE REPORT
==================================
Symbol: ONDS
Report Date: 2026-04-02
Full Report: https://amaly.io/stock/ONDS

EXECUTIVE SUMMARY
------------------
Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: This report evaluates ONDS (Ondas Holdings Inc.) for Shariah compliance across financial, business, and ESG dimensions. The company operates in wireless communications and drone technology, with compliant core activities but significant financial impurities from high interest income. Overall, it fails key screening criteria and is not included in major Shariah indices, resulting in non-compliant status. Purification at 47.25% is required but may render investment impractical. Investors should monitor for financial restructuring.

Primary Compliance Concerns:
- High interest income ratio of 47.25% exceeding 5% threshold across all standards
- Exclusion from all major Shariah indices due to financial screening failure

Purification Requirement: 47.25%
Index Inclusion: Not included in S&P Dow Jones Shariah, MSCI Islamic, FTSE Shariah, or DJIM indices

KEY FINANCIAL METRICS
----------------------
Debt Ratio: 6.3%
Liquidity Ratio: 3.8%
Interest Income Ratio: 47.3%
Purification Required: 47.25%

INDEX INCLUSION STATUS
-----------------------
S&P Shariah: EXCLUDED
MSCI Islamic: EXCLUDED
DJIM: EXCLUDED
FTSE Shariah: EXCLUDED
Total: 0 of 4
Last Verified: 2026-01-31

REPORTING PERIOD
-----------------
Latest Annual Report: FY 2025
Latest Quarterly Data: Q4 2025
Trend Period: FY 2020 to FY 2025
Data Retrieved: 2026-02-14T12:00:00Z

---
Full interactive report: https://amaly.io/stock/ONDS
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.