About IslamicStock
IslamicStock is a team committed to helping the Ummah make informed decisions by screening companies in accordance with Islamic principles. Our process is guided by the Fatawas and teachings of renowned Islamic scholars, and we have our dedicated Shari’ah team to ensure transparency. By examining financial reports and annual data, we rigorously screen companies for Shari’ah compliance, focusing on key factors such as business activities, debt levels, and sources of income. We are proud to be a fully transparent platform for Shari’ah-compliant stock screening.
Note: IslamicStock does not provide any kind of investment advice. Our screening process is intended solely to guide users in making informed choices that align with Islamic values .
How do we screen stock?
Shariah rules for Business
Rule 1
The main business of the company cannot violate the Shariah, it is haram to invest in a company whose main business is alcohol, gambling, pork, night club activities, etc.
Rule 2
Income from Shariah Non Compliant sources should be less than 5 percent.
Rule 3
Interest-bearing Debt to Total Assets should be less than 33 percent.
Rule 4
Illiquid Assets to Total Assets ratio should be at least 20 percent.
Rule 5
Net Liquid Assets vs Market Capitalization.
Where, NLA should be less than MCap.
Rule 6
Non Compliant Investment to Total Asset should be less than 33 percent.
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