AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: TSLS
Report Date: 2026-07-23
Full Report: https://amaly.io/stock/TSLS

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: TSLS is a leveraged ETF providing 2x daily exposure to Tesla Inc. stock. While Tesla's core business in electric vehicles and renewable energy aligns with Shariah principles of sustainability, the ETF's structure involving derivatives and swaps introduces riba and gharar, leading to non-compliance. Financial screening is inconclusive due to insufficient data for traditional ratios, but the investment vehicle itself fails qualitative screens. No inclusion in major Shariah indices confirms non-compliant status. Investors should consider direct investment in compliant equities rather than leveraged products.

Primary Compliance Concerns:
- Leveraged ETF structure involves riba-based swaps and gharar
- Insufficient financial data for ratio-based screening
- Exclusion from all major Shariah indices due to derivative exposure
- Speculative nature promoting maysir

Purification Requirement: 0.00%
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: 0.0%
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: 2026-02-14T12:00:00Z

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