AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: SIF
Report Date: 2026-05-09
Full Report: https://amaly.io/stock/SIF

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: SIF demonstrates non-compliance with Shariah standards primarily due to a critically high debt ratio of 88.21%, far exceeding all financial thresholds, despite compliant liquidity and income ratios. The company's involvement in defense-related activities through aerospace forging contributes additional compliance concerns, potentially requiring purification or avoidance. No inclusion in major Shariah indices reinforces the non-compliant status. Investors should monitor debt reduction efforts and consult scholars on defense sector permissibility. Overall, the stock is not recommended for Shariah-compliant portfolios without significant restructuring.

Primary Compliance Concerns:
- Debt ratio: 88.21% exceeds all thresholds (AAOIFI 30%, MSCI/SP 33%)
- Defense-related revenue: Approximately 25% from military components, raising ethical concerns

Purification Requirement: 1.11%
Index Inclusion: Not included in any major Shariah indices (S&P, MSCI, FTSE, DJIM)

KEY FINANCIAL METRICS
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Debt Ratio: 88.2%
Liquidity Ratio: 6.6%
Interest Income Ratio: 1.1%
Purification Required: 1.11%

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: 2025-12-31

REPORTING PERIOD
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Latest Annual Report: FY 2025
Latest Quarterly Data: Q3 2025
Trend Period: FY 2020 to FY 2025
Data Retrieved: 2026-02-19T12:00:00Z

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