AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: TLT
Report Date: 2026-05-15
Full Report: https://amaly.io/stock/TLT

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: The iShares 20+ Year Treasury Bond ETF (TLT) is a fixed-income ETF that invests in long-term US Treasury bonds, generating returns primarily through interest payments. This core activity involves riba (interest), rendering it non-compliant with Shariah principles across all major screening methodologies. Financial ratios are inapplicable due to the ETF structure, but business activity screening fails decisively. No inclusion in Shariah indices confirms its non-compliant status. Investors seeking Shariah-compliant fixed-income exposure should consider sukuk-based alternatives.

Primary Compliance Concerns:
- Core business activity involves riba through interest-bearing US Treasury bonds (100% of revenue)
- Insufficient data for financial ratios, but inherent non-compliance due to ETF's fixed-income nature
- Exclusion from all major Shariah indices due to prohibited financial services

Purification Requirement: 100.00%
Index Inclusion: Not included in any major Shariah-compliant indices

KEY FINANCIAL METRICS
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Debt Ratio: 0.0%
Liquidity Ratio: 0.0%
Interest Income Ratio: 100.0%
Purification Required: 100.00%

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: 2025-11-30

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: 2026-02-14T12:00:00Z

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