AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: VEEA
Report Date: 2026-06-12
Full Report: https://amaly.io/stock/VEEA

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: VEEA, operating in an unknown industry, fails key Shariah financial screening criteria primarily due to an extraordinarily high interest income ratio of 13939.06%, indicating significant riba exposure despite compliant debt and liquidity ratios. Business activities related to edge computing and IoT appear permissible, with no identified non-compliant operations. The company is not included in any major Shariah indices, leading to an overall non-compliant status. ESG factors are positive, with low risk in governance, environmental, and social areas, but financial impurities dominate the assessment. Investors should consider purification at 100% of dividends and consult scholars for personalized guidance.

Primary Compliance Concerns:
- interestIncomeRatio: 13939.06% (threshold: 5%)
- Data inconsistencies suggesting potential revenue reporting issues
- High purification requirement due to impure income dominance

Purification Requirement: 100%
Index Inclusion: Not included in any of the four major Shariah-compliant indices: S&P Dow Jones, MSCI Islamic, FTSE Shariah, or Dow Jones Islamic Market.

KEY FINANCIAL METRICS
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Debt Ratio: 27.1%
Liquidity Ratio: 0.0%
Interest Income Ratio: 13939.1%
Purification Required: 100.00%

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: 2025-09-30

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: 2026-02-24T10:00:00Z

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