AMALY — SHARIAH COMPLIANCE REPORT ================================== Symbol: TQQQ Report Date: 2026-04-02 Full Report: https://amaly.io/stock/TQQQ EXECUTIVE SUMMARY ------------------ Compliance Status: NON_COMPLIANT Quality Rating: B Description: TQQQ, the ProShares UltraPro QQQ ETF, seeks to deliver three times the daily performance of the NASDAQ-100 Index using derivatives and swaps, which inherently involve riba (interest), gharar (uncertainty), and maysir (gambling-like speculation). This structure renders it non-compliant with core Shariah principles across major screening methodologies. Financial ratios cannot be traditionally applied due to the ETF's non-operational balance sheet, but qualitative business activity screening disqualifies it. No inclusion in major Shariah indices confirms its exclusion from compliant portfolios. Investors seeking exposure to technology sectors should consider Shariah-screened alternatives like the Wahed FTSE USA Shariah ETF (HLAL). Primary Compliance Concerns: - Leveraged ETF structure involves riba through interest-bearing derivatives and swaps - Daily reset mechanism introduces gharar (excessive uncertainty) - Speculative 3x leverage resembles maysir (gambling) - Underlying NASDAQ-100 includes non-compliant companies (e.g., financials with interest income) - Insufficient traditional financial data for quantitative screening; qualitative assessment fails Purification Requirement: 0.00% Index Inclusion: Not included in any major Shariah-compliant indices KEY FINANCIAL METRICS ---------------------- Debt Ratio: 0.0% Liquidity Ratio: 0.0% Interest Income Ratio: 0.0% Purification Required: 0.00% INDEX INCLUSION STATUS ----------------------- S&P Shariah: EXCLUDED MSCI Islamic: EXCLUDED DJIM: EXCLUDED FTSE Shariah: EXCLUDED Total: 0 of 4 Last Verified: 2026-01-31 REPORTING PERIOD ----------------- Latest Annual Report: FY 2025 Latest Quarterly Data: Q4 2025 Trend Period: FY 2020 to FY 2025 Data Retrieved: 2026-02-14T12:00:00Z --- Full interactive report: https://amaly.io/stock/TQQQ 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.