بِسْمِ اللّهِ الرَّحْمِنِ الرّحِيمِ
Halal Investment Checker
The most advanced Shariah compliance screening tool — powered by AAOIFI, DJIM & S&P Islamic Index criteria. Screen any stock, ETF, or fund in 60 seconds.
Screen Your Investment
Complete 4 simple steps to receive a full Shariah compliance verdict with detailed breakdown.
The 5 Pillars of Halal Investment Screening
Based on globally recognised standards by AAOIFI, Dow Jones Islamic Market Index and S&P Global Islamic.
Approximate Shariah compliance distribution of global listed equities
Estimates based on DJIM universe research. Figures vary by index methodology.
Standard Comparison: AAOIFI vs DJIM vs S&P Islamic
| Criteria | AAOIFI | Dow Jones Islamic | S&P Global Islamic |
|---|---|---|---|
| Debt Threshold | Less than 33% of Assets | Less than 33% of Mkt Cap | Less than 33% of Mkt Cap |
| Haram Revenue Limit | Less than 5% | Less than 5% | Less than 5% |
| Cash / Interest Securities | Less than 33% of Assets | Less than 33% of Mkt Cap | Less than 33% of Mkt Cap |
| Receivables Threshold | Less than 70% of Assets | Less than 49% of Mkt Cap | Less than 49% of Mkt Cap |
| Purification Required | Yes | Yes | Yes |
| Supervisory Board | Required | Not Required | Not Required |
| Weapons / Defence | Excluded | Conditional | Excluded |
What Makes an Investment Halal? The Islamic Finance Evidence
The Quranic Prohibition of Riba
The foundation of Islamic investment ethics rests on the absolute prohibition of riba (interest/usury). The Quran addresses this in multiple verses, and Islamic economists and jurists unanimously agree that any investment whose core returns are derived from interest is impermissible.
Modern Shariah scholars — including those on the AAOIFI Shariah Board — have extended these principles to cover conventional banking stocks, bond funds, and debt-heavy corporations where interest payments dominate the capital structure.
Maqasid al-Shariah and Maslaha
Modern Islamic finance jurisprudence applies the concept of maqasid al-Shariah (objectives of Islamic law) to investment decisions. The preservation of wealth (hifz al-mal) is one of the five essential objectives — meaning Muslims are not only permitted but encouraged to invest and grow their wealth through permissible channels.
Contemporary scholars including Sheikh Muhammad Taqi Usmani and the Islamic Finance Council UK established that the 5% tolerance threshold was set through scholarly consensus (ijma) under the principle of umum al-balwa (widespread unavoidable hardship).
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) — founded in Bahrain in 1990 — remains the most authoritative global standard-setter, with Shariah Standard No. 21 specifically addressing equity investment criteria.
Recognised Scholarly Authorities in Islamic Finance
Frequently Asked Questions
Answers grounded in established Islamic finance scholarship.
جَاهِدُوا بِأمْوَالِكُمْ
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