AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: PHOE
Report Date: 2026-04-14
Full Report: https://amaly.io/stock/PHOE

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: BB
Description: Phoenix Motor Inc. (PHOE) demonstrates strong financial compliance with all Shariah screening ratios well below thresholds, supported by a halal core business in electric vehicle manufacturing. However, due to its small market capitalization and liquidity, it is not included in major Shariah indices. The overall status is determined by index inclusion, resulting in NON_COMPLIANT classification despite passing individual screens. Purification is minimal at 0.01% due to negligible non-compliant income. Investors may consider it for direct screening but should monitor for growth toward index eligibility.

Primary Compliance Concerns:
- Exclusion from all major Shariah indices due to small market cap and liquidity requirements

Purification Requirement: 0.01%
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: 0.01%

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: 2025-12-01

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: 2026-02-20T12:00:00Z

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