This report evaluates SMX's Shariah compliance based on financial screening, business activities, index inclusion, and multi-perspective analysis. The company fails key financial ratios due to extremely high debt and liquidity relative to market cap, with insufficient data on income sources. No inclusion in major Shariah indices confirms non-compliance. ESG factors show low risk but defense contracts raise minor concerns. Overall, SMX is non-compliant, with purification not required due to zero non-permissible income identified.