Halal stock screener
Any stock, checked against 5 shariah standards
Try a popular stock
How the screening works
A stock is considered shariah-compliant when the company's core business is permissible and its financial ratios stay within limits set by a screening standard. Numu checks both: the business activity screen excludes industries like conventional banking, insurance, alcohol, tobacco, gambling and weapons, and the financial screens compare interest-bearing debt, interest-bearing securities, receivables and impure income against each standard's thresholds, using the company's latest annual filings.
The five screening standards
AAOIFI
The Accounting and Auditing Organization for Islamic Financial Institutions standard. Debt and interest-bearing securities must each stay at or under 30% of market cap; impure income under 5% of revenue.
Dow Jones Islamic Market (DJIM)
Compares debt, cash plus interest-bearing securities, and receivables to the 24-month average market cap, each at or under 33%.
S&P Shariah
Similar to DJIM but uses the 36-month average market cap and allows receivables up to 49%.
MSCI Islamic
Uses total assets as the denominator with uniform 33.33% limits, combining receivables with cash.
FTSE Shariah
Uses total assets with 33% limits for debt and cash, and up to 50% for receivables plus cash.
Frequently asked questions
How do I check if a stock is halal?
Search for the stock by ticker or company name. Numu runs it through five shariah screening standards — AAOIFI, DJIM, S&P Shariah, MSCI Islamic and FTSE Shariah — checking the company's business activity, interest-bearing debt, interest-bearing securities, receivables and impure income against each standard's thresholds.
Why do screening standards disagree on some stocks?
Each standard uses different ratio limits and denominators. AAOIFI compares debt to market cap with a 30% limit, while MSCI and FTSE compare debt to total assets with a ~33% limit, and DJIM and S&P use trailing average market caps. A company near a threshold can pass one standard and fail another — showing all five gives you the full picture.
Which shariah screening standard should I use?
AAOIFI is the most widely referenced standard in Islamic finance and is our default. If your scholar, broker or fund follows a specific standard such as DJIM or FTSE Shariah, switch to that one — the screener shows every ratio so you can see exactly why a stock passes or fails.
Is a halal verdict investment advice?
No. The screener is an educational tool based on the latest annual filings. Compliance can change as a company's financials change, and scholars differ on methodology. Always do your own research and consult a qualified advisor.