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Gathering the fatwa library, topic filters, and the introductory screening context for new investors.
Knowledge
Browse Islamic finance rulings from recognized scholars and connect them to the logic behind halal stock screening.
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If you are new to halal investing, begin with the rulings on stock trading, AAOIFI screening, and purification before diving into advanced instruments.
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Browse the full collection of Islamic finance rulings and screening guidance.
Dr. Ali Al-Qaradaghi
Zakat on stock investments is calculated differently depending on the investor's intention. For long-term investors holding shares for dividends, zakat is due on the proportional share of the company's zakatable assets. For active traders, zakat is due on the market value of the entire portfolio…
Dr. Monzer Kahf
Cryptocurrency such as Bitcoin is a subject of scholarly debate. Some scholars permit it as a form of digital asset (mal) that holds value by market consensus. Others express reservations due to excessive volatility (gharar), its use in illicit transactions, and lack of intrinsic value…
Sheikh Nizam Yaquby
The majority of contemporary Shariah scholars have ruled that conventional stock options and financial derivatives are impermissible due to the presence of excessive uncertainty (gharar), the speculative nature of these contracts, and the absence of a genuine exchange of real assets at the time of contracting…
Sheikh Abdullah bin Bayyah
Ijara-based sukuk, where certificates represent ownership in a tangible leased asset, are considered among the most Shariah-compliant forms of Islamic fixed-income instruments. The return to investors is derived from actual rental payments rather than interest…
Sheikh Nizam Yaquby
The AAOIFI standard provides quantitative benchmarks for determining the Shariah compliance of publicly traded companies. Under these criteria, total interest-bearing debt must not exceed 30% of the company's market capitalization, and interest-bearing deposits should not surpass 30%…
Dr. Muhammad Taqi Usmani
Investing in ETFs that track Shariah-compliant indices is permissible, provided the fund maintains an active Shariah supervisory board, the underlying holdings are regularly screened, and any non-compliant income is systematically purified…
Dr. Muhammad Taqi Usmani
Stock trading is generally permissible in Islam provided that the underlying company's business activities are compliant with Shariah principles. The company must not derive its primary income from prohibited (haram) activities such as alcohol, gambling, conventional interest-based finance, or pork products…
Dr. Ali Al-Qaradaghi
When a Shariah-compliant company derives a minor portion of its income from impermissible sources, the investor is obligated to purify that proportion of their investment returns by donating it to charity. The calculation is based on the ratio of impermissible income…
Dr. Wahbah al-Zuhayli
It is permissible to receive dividends from companies whose primary business is halal, even if a small proportion of income is derived from impermissible activities, provided that the impermissible portion does not exceed the threshold set by recognized screening standards…