Our commitment to maintaining the highest standards of Shariah compliance in financial screening and analysis.
Shariah Principles
HalalCheck is committed to providing institutional-grade Shariah compliance screening that adheres to the principles and guidelines established by AAOIFI. Our screening methodology is developed and overseen by qualified Shariah scholars who ensure alignment with established Islamic jurisprudence.
Screening Methodology
Our multi-layered screening methodology combines business activity analysis with financial ratio assessment, aligned to AAOIFI standards.
Board Oversight
Our independent Shariah Board provides ongoing oversight, reviewing screening criteria and resolving ambiguous cases.
Institutional Trust
We recognise the trust placed in us by asset managers, financial institutions, and investors who rely on our platform for Shariah compliance determinations.
The Shariah compliance screening provided by HalalCheck is based on publicly available financial data and our interpretation of AAOIFI-aligned screening criteria. While we strive for accuracy and completeness, HalalCheck does not provide religious rulings (fatwas) and our screening results should not be construed as such. Investors and institutions are encouraged to consult their own Shariah advisors for specific compliance determinations.
Financial Ratio Screening
Companies that pass the business activity screen are then assessed against financial ratio thresholds to ensure limited exposure to interest-based debt and impure income:
Business Activity Screening
Companies are screened for involvement in prohibited (haram) business activities. Securities of companies with significant revenue derived from the following activities are excluded: