Shariah Team of IslamicStock Screener, India

One of the reasons for this low Muslims investor in INDIA Stock Market is the lack of information regarding stock market investment. In general there is misconception in public regarding the Shariah-permissibility of stock market investments. Due to the general perception that stock market investments are often based on speculation, the apprehensions regarding market manipulation, and market features like short-sell and margin borrowing raise doubt regarding the Shariah compliance status of the trading process.

This makes the Shariah Board formation.

Board Members:

  1. Mufti Hassan Qasmi
  2. Maulana Abid Ahmed Qasmi
  3. Hafiz Mohammed Suhaib Khan
  4. Er. Kashif Rahi
  5. Mohammad Minhaj
  6. Aftab Alam

What Shariah Board Do:

•        Issuing decisions regarding the Stocks to ensure compliance with the provisions and principles of Shariah.

•        Providing ease of mind and confidence to the investor regarding the soundness of stock market investments in the light of Shariah principles.

•        In general we follow Darul Uloom Deoband Fatawa & Hanafi Scholars.

•        Answering inquiries regarding the Shariah Compliant Stocks Related issues.

•        Reviewing the Annual Report of Companies from Shariah point of view.

•        Ensuring that stocks upload in the Apps is either fully compliance or non compliance values are correctly taken and calculated by double check by the board members.

•        Providing purging formula to make sure the profit earned by the investor is free of any impure money.

•        Latest Fiqhi Masaail discussed with Mufti & Ulema for further guidance.

Conclusion:

To serve & guide UMMAH to earn Halal income from share market.

If you have query for our members to ask, contact us on [email protected]

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22 Comments

  1. Alhamdulillah! I took the decision to sell off all those scrips which were filtered through your parameters and were non Shariah compliant. May Allah reward you in Duniya and hereafter for the good deeds.

  2. Assalamu alayekum ,
    Which demat account is halal, so please reply to me I want to open. The account

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  3. Q1 :- Sir mene Ramzan me Graphite lia tha for long time.. Jab wo full green 🟢 tha.. Ab wo 🔴 red ho gaya he.. Kya me is ka profit le sakta hu, ya rate to rate sale karna padhega..
    Q. 2 :-mujhe Varya ka IPO mil gaya tha wo abhi kafi loss me he.. Me Graphite se profit nikal ke Varya ka Jo loss he usme cover kar sakta hu?

  4. Assalamualaikum,
    Mein ney ek shariah compliant stock long term k liye kharida tha , phir ismey mein ney SHARIAH COMPLIANT check kiye bina kuch qty add ki, phir pata chala k wo non compliant hai , aisi situation mey uss non compliant stock ko kaise alag karein, agar mein same qty ( last buying qty) sell ker k profit nikal don to pehley buy kiye howey share nikal jayein gey, rehnumai fermai, jazakallah hu khair..

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