AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: SMJF
Report Date: 2026-08-05
Full Report: https://amaly.io/stock/SMJF

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: SMJF, identified as an ETF focused on junior silver miners, presents challenges in Shariah compliance assessment due to its fund structure and limited traditional financial reporting. All major Shariah indices exclude SMJF, classifying it as non-compliant for equity screening purposes. Financial ratios cannot be computed due to insufficient data, but the ETF's underlying holdings in mining require separate verification for permissibility. No non-compliant business activities are evident, though transparency in portfolio composition is lacking. Overall, investors should review underlying assets individually and consult Shariah scholars for personalized guidance.

Primary Compliance Concerns:
- Insufficient financial data prevents ratio calculations, leading to assessment gaps.
- ETF structure ineligible for major Shariah equity indices.
- Underlying mining holdings may involve environmental and social risks impacting Islamic principles.
- Lack of Shariah board oversight for the fund.

Purification Requirement: 0.00%
Index Inclusion: Not included in any major Shariah indices (S&P, MSCI, FTSE, DJIM).

KEY FINANCIAL METRICS
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Debt Ratio: 0.0%
Liquidity Ratio: 0.0%
Interest Income Ratio: 0.0%
Purification Required: 0.00%

INDEX INCLUSION STATUS
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S&P Shariah: INCLUDED
MSCI Islamic: INCLUDED
DJIM: INCLUDED
FTSE Shariah: INCLUDED
Total: 4 of 4
Last Verified: 2025-12-31

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: 2026-02-17T12:00:00Z

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