AMALY — SHARIAH COMPLIANCE REPORT ================================== Symbol: QBTZ Report Date: 2026-04-09 Full Report: https://amaly.io/stock/QBTZ EXECUTIVE SUMMARY ------------------ Compliance Status: NON_COMPLIANT Quality Rating: B Description: The Defiance Daily Target 2X Short QBTS ETF (QBTZ) is a leveraged inverse exchange-traded fund designed to provide two times the inverse daily performance of D-Wave Quantum Inc. (QBTS) shares, primarily through the use of derivatives such as swaps and futures. This structure inherently involves short-selling and speculative elements, which are prohibited under Shariah principles due to gharar (uncertainty) and maysir (gambling). Financial ratios are inapplicable or zero due to the ETF's non-traditional balance sheet, passing quantitative thresholds where calculable, but the core business activity disqualifies it from compliance. No inclusion in major Shariah indices confirms non-compliance across global standards. Investors are advised to avoid this instrument and consider Shariah-compliant alternatives in asset management. Primary Compliance Concerns: - Prohibited short-selling and derivative-based inverse exposure - Gharar and maysir inherent in leveraged ETF structure - Inapplicable financial ratios due to ETF nature, with business activity failing qualitative screening Purification Requirement: 0.00% Index Inclusion: Not included in any of S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, or Dow Jones Islamic Market (DJIM) KEY FINANCIAL METRICS ---------------------- Debt Ratio: 0.0% Liquidity Ratio: 0.0% Interest Income Ratio: 0.0% Purification Required: 0.00% INDEX INCLUSION STATUS ----------------------- S&P Shariah: EXCLUDED MSCI Islamic: EXCLUDED DJIM: EXCLUDED FTSE Shariah: EXCLUDED Total: 0 of 4 Last Verified: 2026-04-02 REPORTING PERIOD ----------------- Latest Annual Report: FY 2025 Latest Quarterly Data: Q1 2026 Trend Period: FY 2020 to FY 2025 Data Retrieved: 2026-04-02T12:00:00Z --- Full interactive report: https://amaly.io/stock/QBTZ 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.