The Process
How It Works
Most halal stock screeners give you one answer from one standard. We give you four — side by side — so you can see exactly where a stock stands and why.
Search any U.S. stock ticker
Enter a ticker symbol (e.g. AAPL, TSLA, MSFT) in the search bar on the homepage. No account needed for your first few searches.
We fetch the financial data
Our backend retrieves financial data from Yahoo Finance — sector, industry, debt levels, cash, receivables, revenue, and interest income. Results are cached weekly so most lookups return instantly.
We apply all four standards simultaneously
The same data is run through AAOIFI, AAOIFI Standard, S&P Shariah (Market-Cap Variant), and FTSE Yasaar criteria. Each has its own thresholds and denominators.
You see the full breakdown, not just a verdict
For each standard, you see exactly which criteria passed, which failed, and the actual ratio values — not just a green or red dot. You can see why a stock passes AAOIFI but fails FTSE Yasaar.
You decide
This is a research tool, not a fatwa. Use the results as one input in your due diligence. Consult a qualified Islamic finance scholar for certainty on your specific situation.
The Two-Stage Screen
Every standard we apply follows the same two-stage logic, in this order:
Business Activity Screen
Before any financial ratios are checked, we look at what the company does. If a company's core business is prohibited under Islamic finance, it fails immediately — regardless of how clean its balance sheet looks.
A small amount of incidental prohibited revenue (under 5% of total revenue) may be tolerated across all standards — but triggers a purification obligation.
Financial Ratio Screen
If the company passes the business activity screen, we check its balance sheet. Each standard has specific thresholds for how much debt, cash in interest-bearing accounts, and accounts receivable a company can carry before it fails.
The 4 Standards We Apply
The same stock is evaluated against all four simultaneously. They often agree — but the differences matter, especially near threshold boundaries.
AAOIFI
The most widely cited standard. Uses current market cap as the denominator.
AAOIFI Standard
Reflects the updated AAOIFI interpretation — older liquidity/tangibility filter removed.
S&P Shariah (Market-Cap Variant)
S&P-style thresholds using market cap as denominator. Adds a receivables test.
FTSE Yasaar
Uses total assets as denominator rather than market cap. More permissive on financial ratios but stricter on sector exclusions (hotels, weapons/defense).
What the Results Mean
The stock passes all criteria for this standard. This means it cleared both the business activity screen and all applicable financial ratios.
The stock failed one or more criteria for this standard. The breakdown below the verdict shows exactly which criterion failed and the actual value.
We could not calculate this ratio because the required data was not available from Yahoo Finance. We report this honestly rather than estimating.
Important Limitations
Our impure revenue calculation is currently estimated from interest income divided by total revenue (sourced from Yahoo Finance). This is a simplified proxy — a full segment revenue analysis would be more accurate. Treat it as a starting point.
FTSE Yasaar results may show N/A for companies where Yahoo Finance does not report total assets. This is not an error — it means we cannot calculate that ratio reliably and we choose to say so honestly rather than estimate.
Screening results are updated weekly. A stock's status can change as new financial data is reported. Always verify before acting.