Strictly, no unethical and socially harmful industry: Weapons Narcotics Vulgar entertainment Etc.
Experts suggests, a company's stock can be identified as Halal when the ratio of company's debt vs company's value is below 33%. Halal stocks are naturally safe because of debt limits
Considering the ubiquitous interest based financial system, experts suggest a company's stock can be identified as Halal when the ratio of it's interest income vs total income is below 5%.
Experts suggest that a company can be identified as Halal if the ratio of cash to total assets of the company is less than 33%.
Stockopedia, Yahoo Finance, Screener.in, etc
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See here to know how and why we started.
We are just stock investment enthusiasts with the hope to help fellow citizens.
We simply compute the halal score of stocks based on the criteria shown above and bring the results to you.
In no way, do we claim that the data presented here is absolutely correct. The criteria we used may not be acceptable to all and hence further inquiry with respective agencies is advised.