Is this stock halal?
Screen any stock for Shariah compliance - business-activity check plus AAOIFI financial ratios (debt to market cap). Then purify and track it all inside Alvest.
Frequently asked
How does the halal stock screener work?
Two layers: (1) business activity - interest-based banks, alcohol, tobacco, gambling, weapons and conventional insurance are excluded; (2) financial ratios per AAOIFI standards - debt to market cap under 33%, and non-compliant income under 5%.
What does "questionable" mean?
Scholars differ on it, or it sits close to a ratio threshold and needs a deeper look - such as some cryptocurrencies or companies with mixed income. Confirm with your scholar.
Is Bitcoin halal?
Scholars differ on cryptocurrencies. We class Bitcoin and Ethereum as "questionable", while interest-bearing stablecoins are "non-compliant". Verify against your own reference ruling.
Do I need to purify dividends?
If a compliant company still earns a small amount of impermissible (e.g. interest) income, that portion of your dividend should be given away to keep your wealth clean. Alvest calculates the purification amount automatically inside the app.
Is this result final?
No - these are estimates based on activity classification and available financial ratios. Shariah boards apply different methodologies, so always confirm with your board or scholar before acting.