AMALY — SHARIAH COMPLIANCE REPORT ================================== Symbol: USQIX Report Date: 2026-06-13 Full Report: https://amaly.io/stock/USQIX EXECUTIVE SUMMARY ------------------ Compliance Status: NON_COMPLIANT Quality Rating: B Description: The USQ Core Real Estate Fund (USQIX) is an open-end mutual fund managed by USQ Advisors, LLC, focusing on U.S. core real estate investments through direct ownership and REITs. As an asset management product in the Financial Services sector, it faces Shariah compliance challenges due to potential interest-bearing debt in underlying assets and lack of traditional financial ratio reporting typical for funds. This report assesses compliance across financial, business activity, and index inclusion criteria, classifying it as NON_COMPLIANT primarily due to exclusions from major Shariah indices. While ESG factors are strong with low risk, investors are advised to monitor portfolio composition for purification needs. Shariah-compliant alternatives in asset management are recommended for ethical alignment. Primary Compliance Concerns: - Insufficient data for debt ratio calculation (estimated 0.00%, threshold: 30-33%) - Potential riba exposure from conventional REIT holdings in portfolio - Non-permissible income from interest-bearing securities (estimated 0.00%, threshold: 5%) - Lack of Shariah certification for fund structure Purification Requirement: 0.00% Index Inclusion: Excluded from all major Shariah 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: 2026-02-28 REPORTING PERIOD ----------------- Latest Annual Report: FY 2025 Latest Quarterly Data: Q1 2026 Trend Period: FY 2021 to FY 2025 Data Retrieved: 2026-04-02T10:00:00Z --- Full interactive report: https://amaly.io/stock/USQIX 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.