AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: TSDD
Report Date: 2026-04-01
Full Report: https://amaly.io/stock/TSDD

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: TSDD is the GraniteShares 2x Short Tesla Daily ETF, a leveraged inverse ETF providing -2x daily exposure to Tesla Inc. stock. The product's reliance on derivatives such as swaps and futures introduces excessive uncertainty (gharar) and speculation (maysir), rendering it non-compliant with Shariah principles across business activity screening. Financial ratios are inapplicable due to the ETF structure lacking traditional balance sheets, but qualitative assessment confirms disqualification. No inclusion in major Shariah indices underscores broad non-compliance. Investors are advised to avoid such speculative instruments.

Primary Compliance Concerns:
- Speculative business model involving derivatives and leverage
- Inherent gharar and maysir in ETF structure
- Inapplicable financial ratios due to non-traditional reporting
- Absence from all major Shariah-compliant indices

Purification Requirement: 0.00%
Index Inclusion: Excluded from all 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: 100.0%
Purification Required: 0.00%

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: 2026-01-31

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: 2026-02-26T12:00:00Z

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