AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: XELB
Report Date: 2026-04-07
Full Report: https://amaly.io/stock/XELB

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: Xcel Brands, Inc. (XELB) operates in the apparel manufacturing sector, focusing on brand licensing and consumer products. The company faces significant challenges in Shariah compliance due to a high debt-to-market-cap ratio exceeding thresholds across major standards. Business activities are generally permissible, with no material non-compliant income identified. However, index exclusion and financial metrics result in an overall non-compliant status. Investors should consider purification for any dividends and monitor debt reduction efforts.

Primary Compliance Concerns:
- Debt Ratio: 42.54% exceeds AAOIFI's 30% threshold and similar limits in other standards
- Potential risks in supply chain for non-permissible materials, though not material

Purification Requirement: 11.27%
Index Inclusion: Not included in any of the four major Shariah-compliant indices

KEY FINANCIAL METRICS
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Debt Ratio: 42.5%
Liquidity Ratio: 0.0%
Interest Income Ratio: 11.3%
Purification Required: 11.27%

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: Q1 2026
Trend Period: FY 2020 to FY 2025
Data Retrieved: 2026-02-27T12:00:00Z

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