IslamicStock is a group of people who are helping ummah to become financial stable by investing in Stock Market in Islamic way. IslamicStock follows Books and Fatawas of renowned Islamic Scholars, we are having our own Shari’ah Team. We are the Only Fully Transparent Shari’ah Compliant Screening App
How do we screen stock?
Shariah rules for Business
Rule 1
the main business of the company cannot violate the Shariah, t is haram to invest in a company whose main business is alcohol, gambling, pork, night club activities
Rule 4
Illiquid assets to total assets ratio Should be at least 20% of fixed asset
Rule 2
Income from non-sharia compliant investments should be less than 5 percent
Rule 5
Net liquid assets vs market capitalization
Rule 3
Interest-bearing debt to total assets Should be less than 5 percent.
Rule 6
Non Compliant Investment to Total Asset should be less than 33%
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