Description
IslamicStock app screening criteria.
The App lets you find halal stocks listed in Indian stock markets (NSE & BSE)
There are broadly six key criteria set by renowned scholars, which must be met so that a company’s shares may be considered sharia-compliant for investment.
1.The Business
2.Income from non-sharia compliant investments
3.Interest-bearing debt to total assets
4.Illiquid assets to total assets ratio
5.Net liquid assets vs market capitalisation
6.Non compliant investment to Total Assets
The thought
Stock market is one of the best place for investments. With the growing interest of people in stock market, there was a requirement to address the need of muslims by imparting education about Shariah principles of investing as well as providing a unique platform to assist them in finding compliant stocks for free. This led to the development of IslamicStock.
Unique Feature
The Taqwa feature of our app is a unique concept that offers flexibility in screening the stocks according to one's Taqwa. This unique concept allows one to apply more strict Shariah screening as per his/her choice.
Salient features
Beautiful user friendly UI.
Create watchlists for tracking stocks.
Create portfolio to track your investments
Get real time alert of different unique strategies.
Save data on cloud.
Academy section to enhance ones knowledge of stock market.
User Reviews for IslamicStock - Screener India 1
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for IslamicStock - Screener India
IslamicStock app offers a comprehensive screening method approved by scholars for finding Shariah Compliant Indian stocks. Great tool for ethical investing.