Free AI-Powered Shariah Compliance Checker
Instantly check if any stock, ETF, or cryptocurrency meets Shariah principles. Nuanced analysis including scholarly opinions on borderline cases like Bitcoin miners, leveraged proxies, and gold miners.
Most-searched stocks for Shariah compliance. Click any to see detailed AI analysis.
Shariah compliant investing (also called halal investing) follows Islamic principles that prohibit interest (riba), excessive uncertainty (gharar), and investments in industries like alcohol, gambling, pork, conventional banking, and adult entertainment.
Modern halal stock screening follows guidelines set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI):
Most contemporary scholars consider Bitcoin permissible as a store of value and medium of exchange. The ruling generally depends on whether the crypto asset has genuine utility versus pure speculation. Tokens associated with leveraged derivatives, interest-bearing lending protocols, or gambling platforms are typically considered non-compliant.
Gold mining companies and ETFs are generally considered doubtful rather than outright halal because many use interest-based financing and hedging instruments. Physical gold ownership is universally accepted as halal, but equity exposure to miners requires careful screening of each company's balance sheet.
Bitcoin mining companies face additional scrutiny beyond standard screening. Scholars debate whether the underlying revenue model qualifies as productive work. Combined with typical high leverage ratios, most Bitcoin miners fall into the doubtful category.
Most contemporary Islamic finance scholars have ruled Bitcoin permissible as a store of value and medium of exchange, provided it is not used for speculation, gambling, or interest-based derivatives.
NVIDIA generally passes Shariah screening. Its core business is semiconductor design, debt ratios typically remain within AAOIFI limits, and haram revenue is minimal.
Conventional banks earn their primary revenue through interest-based lending (riba), which is explicitly prohibited in Islamic finance.
A stock is halal when the company's primary business is permissible, debt-to-market-cap ratio stays below 33%, interest-bearing income is less than 5% of total revenue, and haram revenue streams are minimal.
No. Meezan provides AI-generated educational analysis only. For definitive religious rulings, always consult a qualified Islamic finance scholar.