AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: YMAT
Report Date: 2026-05-09
Full Report: https://amaly.io/stock/YMAT

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: YMAT, an ETF focused on option income strategies from MicroStrategy, faces significant Shariah compliance challenges primarily due to its derivative-based business model introducing gharar (uncertainty). Financial ratios for interest and non-permissible income are compliant, but debt and liquidity assessments are inconclusive due to the ETF structure lacking traditional balance sheet data. No inclusion in major Shariah indices reflects methodological exclusions for speculative instruments. Overall, the stock is non-compliant, with purification required for minor interest income. Investors should consider alternatives in permissible financial products.

Primary Compliance Concerns:
- Insufficient data for debt and liquidity ratios due to ETF structure
- Gharar in derivatives-based option income strategy
- Potential non-compliance in underlying holdings exposure

Purification Requirement: 2%
Index Inclusion: Not included in any major Shariah indices (S&P, MSCI, FTSE, DJIM)

KEY FINANCIAL METRICS
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Debt Ratio: 0.0%
Liquidity Ratio: 0.0%
Interest Income Ratio: 2.0%
Purification Required: 0.02%

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: 2025-12-31

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: 2026-02-23T12:00:00Z

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