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

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: QNCX, operating in an unknown industry, undergoes Shariah compliance screening revealing challenges primarily from a high liquidity ratio exceeding thresholds across major standards. While debt levels are compliant, insufficient data on income ratios leads to conservative assessments. Index inclusion research indicates non-inclusion in major Shariah indices, resulting in an overall non-compliant status. Purification is not required due to zero non-compliant income identified, but investors should monitor liquidity management. The compliance quality rating reflects moderate performance with room for improvement in financial structuring.

Primary Compliance Concerns:
- Liquidity ratio of 40.54% exceeds AAOIFI's 30% threshold and similar limits in MSCI and S&P standards
- Insufficient data for interest and non-permissible income ratios, leading to conservative non-compliance flags
- Unknown industry classification complicates peer benchmarking and business activity screening

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: 20.2%
Liquidity Ratio: 40.5%
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: 2025-12-01

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: 2026-02-14T12:00:00Z

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