AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: XYF
Report Date: 2026-05-27
Full Report: https://amaly.io/stock/XYF

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: X Financial (XYF), a Chinese fintech company providing interest-based personal loan services, is deemed non-compliant with Shariah principles due to its core involvement in riba (interest) and severely elevated financial ratios exceeding all major thresholds. The business model as an online marketplace connecting borrowers and investors through conventional loans disqualifies it under qualitative screening, while debt and liquidity metrics indicate critical leverage issues. Although non-permissible income remains low at 1.56%, the overall profile warrants avoidance for Shariah-conscious investors. Index exclusion across all major benchmarks reinforces this status, with a low quality rating reflecting poor alignment.

Primary Compliance Concerns:
- Debt Ratio: 531.69% (exceeds AAOIFI 30% threshold)
- Liquidity Ratio: 3097.45% (exceeds AAOIFI 30% threshold)
- Core business involves riba through interest-bearing loans

Purification Requirement: 1.56%
Index Inclusion: Excluded from all major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM).

KEY FINANCIAL METRICS
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Debt Ratio: 531.7%
Liquidity Ratio: 3097.4%
Interest Income Ratio: 1.6%
Purification Required: 1.56%

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: 2026-02-28

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: 2026-05-11T12:00:00Z

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