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

EXECUTIVE SUMMARY
------------------
Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: The Invesco QQQ Trust (QQQ) is an ETF tracking the Nasdaq-100 Index, focusing on technology and growth stocks. Due to its passive structure, traditional Shariah financial screening cannot be applied directly, resulting in insufficient data for quantitative ratios. Business activity screening reveals exposure to non-compliant sectors through underlying holdings, such as conventional finance and entertainment. Index inclusion research confirms exclusion from all major Shariah indices, leading to a non-compliant status. Investors should consider Shariah-screened alternatives for ethical alignment.

Primary Compliance Concerns:
- Insufficient data for financial ratios due to ETF structure
- Exposure to non-compliant underlying holdings in finance and entertainment
- Lack of Shariah certification or purification mechanisms
- Exclusion from all major Shariah indices

Purification Requirement: 0.00%
Index Inclusion: Not included in any major Shariah indices

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: 2025-11-30

REPORTING PERIOD
-----------------
Latest Annual Report: FY 2025
Latest Quarterly Data: Q4 2025
Trend Period: FY 2020 to FY 2025
Data Retrieved: 2026-02-14T00:00:00Z

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