AMALY — SHARIAH COMPLIANCE REPORT ================================== Symbol: SEZL Report Date: 2026-04-10 Full Report: https://amaly.io/stock/SEZL EXECUTIVE SUMMARY ------------------ Compliance Status: NON_COMPLIANT Quality Rating: B Description: Sezzle Inc. (SEZL) is a technology-enabled BNPL provider offering interest-free installment payments to consumers, primarily in the US and Canada. While financial ratios demonstrate strong compliance with debt and liquidity thresholds across AAOIFI, MSCI, and S&P standards, the interest income ratio of 3.09% is within limits but historically fluctuated above 5%. Business activities are largely permissible, focusing on deferred payments without riba to end-users, though funding mechanisms warrant monitoring. Overall, the stock is classified as non-compliant due to exclusion from major Shariah indices, reflecting sector-specific scrutiny in credit services. Investors should consider purification of 3.09% for any impure income and consult scholars on BNPL models. Primary Compliance Concerns: - Exclusion from all major Shariah indices due to small market cap and sector classification - Historical interest income ratio exceedance (e.g., 5.51% in FY 2024) - Potential riba elements in merchant financing and company funding Purification Requirement: 3.09% 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 ---------------------- Debt Ratio: 0.0% Liquidity Ratio: 0.0% Interest Income Ratio: 0.0% Purification Required: 3.09% INDEX INCLUSION STATUS ----------------------- S&P Shariah: INCLUDED MSCI Islamic: INCLUDED DJIM: INCLUDED FTSE Shariah: INCLUDED Total: 4 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: 2026-03-01T12:00:00Z --- Full interactive report: https://amaly.io/stock/SEZL 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.