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Is Day Trading Permissible? Darul Ifta, Deoband Says No!
Any kind of Day Trade is not allowed according to Darul Ifta,Darul Uloom Deoband
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Benefit of “Under Review” Feature – The Importance of Accurate Sharia Stock Screening
Alhamdulillah! At IslamicStock, we understand our responsibility to provide accurate and transparent Sharia compliance status for stocks. Instead of just indicating stocks as “Red” or “Green” without explanation, we aim to give you detailed information so you can make informed…
Understanding Shari’ah Compliance in Real Estate Investment Trusts (REITs)
Real Estate Investment Trusts, commonly known as REITs, offer a way to invest in real estate without directly owning property. For Muslim investors, ensuring that their investments align with Shari’ah principles is crucial. This blog will explore the conditions under…
Why Sharia Scholars Opt for 33%, 5%, and Additional Thresholds
Bismillah There are many Financial Screening Criterias, out of theme, We at the IslamicStock uses the following criteria Rule 1 The Business – Rule 2 Impermissible income to total revenue 5% Rule 3 Interest-bearing debt to total assets 33% Rule…
Addition of the Non-Compliant Investment to Total Assets Ratio As Rule 6
Unveiling the Non-Compliant Investment to Total Assets Ratio: As per the available contemporary fatwa on screening for Shariah-compliant stocks, the Shariah team recommended including the ratio of non-compliant investments of a company to its total assets for more stringent Shariah-compliant…
Shari’ah Trading Guidelines: Handbook
Stock Purification: An Easy-to-Follow Guide
One of the frequently asked questions from our users pertains to the purification of their Capital Gains or Dividends. To address this concern, we have implemented a dedicated calculator on the Stock’s detail page. Users can easily find the purification…
IslamicStock app’s screening method got certified by Darul Uloom Deoband, confirming its authenticity.
Alhamdulillah!! Congratulations to the team on achieving remarkable success! Our dedication and hard work have yielded excellent results. We’re thrilled to announce that the IslamicStock application got certified( Fatawa) by Darul Uloom Deoband, confirming its authenticity. This achievement is a…
IslamicStock Screening Process
Zakat on Share, Simple way
Zakat is a fundamental pillar of Islam and is compulsory on all Muslims who reach the Nisab threshold. If a person’s accumulated wealth meets the Nisab threshold and stays there for a full year, they must pay Zakat on it.…
What to do, when Shariah compliant status of stock changes?
As we know, the Shariah Status of any Stock is Dynamic & it is not permanent. It Changes Every Year based on various factors like Debt, Assets, Income, etc. We have discussed with our Shariah Team & concluded to take…
Why some stocks like Wipro, Infosys are showing Non-Compliant which were Compliant or Mute earlier in IslamicStock Screener ?
Companies like Wipro and Infosys, among others, are now listed in the app as being non-compliant due to their services in the BFSI sector.We were aware earlier, but since some people believe that Technology as A Service is open to…
Issues regarding investing in sharia-compliant financial products in India – By IslamicStockScreener – India
Issue # 01: Open How about buying shares in a company that makes non-slaughter products? Description: Like Burger King company serving food by non-sharia slaughter animal products? Following References presented on reply: اگر یہ اس کمپنی کا اصل بزنس ہے،…
What is impure income from a Stock?
1. Interest income – impureGenerally, Interest income is money earned by an individual or company for lending their funds, either by putting them into a deposit account in a bank or by purchasing certificates of deposits. 2. Impure income from Sharia…
Are you Saheb e Nisab for ZAKAT – Clear Your Doubts
Idle money & Islam
Zakaat on stocks: A basic guide
How Does Day Trading Align with Islamic Jurisprudence: A Critical Examination.
Our Screening Criteria
