Stocks screened against AAOIFI Sharia standards: no alcohol, tobacco, gambling, weapons or conventional banking revenue. Debt-to-assets below 33%. Updated quarterly.
Screening Methodology: Stocks are assessed against AAOIFI Sharia Standard No. 21. Excluded sectors: conventional banking & insurance, alcohol, tobacco, pork products, gambling, weapons. Financial ratio screens: interest-bearing debt < 33% of total assets, haram income < 5% of total revenue. This list is reviewed quarterly. It does not constitute financial advice.