HalalGauge
For institutions

Screening infrastructure that shows its work.

The existing Shariah indices are narrow, opaque, single-standard fund products. HalalGauge is the transparent, multi-standard, customizable layer underneath — for funds, banks, and pension/MPF providers who need halal screening and indexing they (and their regulators) can audit. To be clear about what we are: HalalGauge has no Shariah supervisory board and issues no religious certifications. We provide the arithmetic, the thresholds, and the cited sources; religious sign-off remains with your scholars.

Multi-standard, every threshold sourced

The same security under AAOIFI, Mufti Taqi Usmani, S&P DJIM, Ja'fari and a strict view — each verdict tied to the deciding ratio and its primary source. Defensible to a Shariah board and a regulator.

Compliance-drift monitoring

Ongoing surveillance of a fund or index for holdings nearing — or crossing — a ratio limit, with the paper trail. The maintenance layer a live Shariah product actually needs, not a one-off screen.

5
Scholarly standards
650+
US equities screened
Daily
Refresh cadence
100%
Thresholds source-cited

US coverage live today; Hong Kong / Asia-Pacific (HKEX) in progress. A data-quality guard withholds a verdict on any security whose fundamentals look implausible rather than report a number we don't trust.

Custom index construction & licensing

A bespoke Shariah-screened index to your mandate — universe, standard, weighting, rebalance schedule — with a transparent, auditable methodology and ongoing constituent maintenance. License it as the basis for a fund or MPF option.

Screening data API & feed

Programmatic multi-standard compliance verdicts, financial ratios, and purification data across our coverage — for your apps, advisory tools, or compliance workflows. JSON or CSV, per-seat or usage-based.

Auditable screening reports

Deterministic screening reports for your funds and holdings — every figure, threshold and cited source behind each verdict, in plain language. These are methodology reports, not Shariah certifications: sign-off remains with your own Shariah board.

Audit-grade fund & portfolio screening

Periodic screening of a fund or portfolio against your chosen standard, with a clear paper trail of what was checked, the thresholds applied, and the sources — built for regulatory scrutiny.

Screening API — at a glance

Bearer-authenticated, JSON or CSV. Each result returns the verdict, the business-activity check, every financial ratio (observed / threshold / pass), and the purification rule — for any of the five standards.

GET /api/v1/screen?tickers=AAPL&scholar=aaoifi
Authorization: Bearer <your-api-key>

{
  "scholar": "aaoifi",
  "results": [{
    "ticker": "AAPL",
    "verdict": "pass",
    "sectorPasses": true,
    "ratios": [
      { "metric": "Interest-bearing debt / mkt cap", "valuePct": 4.1, "thresholdPct": 30, "passes": true },
      { "metric": "Cash + securities / mkt cap",      "valuePct": 9.7, "thresholdPct": 30, "passes": true },
      { "metric": "Impermissible income / revenue",   "valuePct": 0.6, "thresholdPct": 5,  "passes": true }
    ],
    "purification": { "pctOfDividend": 0.6 }
  }]
}

Keys are issued per engagement. Bulk export, scheduled feeds, drift webhooks and white-label fields available on request.

What's in a screening report

  • • Per-holding verdict under your chosen standard
  • • Every deciding ratio: observed, threshold, pass/fail
  • • Business-activity (sector) screen with the reason
  • • Purification owed, computed per holding
  • • Plain-language explanation (no fiqh claims, no advice)
  • • Sources for every threshold — clearly labelled as a HalalGauge methodology report, not a Shariah certification
Request a sample report

How a pilot works

  1. 1
    Scope. You tell us the universe, the standard(s), and the deliverable — index, API, reports, or fund/portfolio surveillance.
  2. 2
    Methodology sign-off. We document the screen and thresholds for your Shariah board to review and approve before anything ships.
  3. 3
    Integrate & maintain. We deliver the feed/report/index and run ongoing drift monitoring, with the audit trail your compliance team needs.

Let's scope your mandate

Tell us what you're building — a Shariah fund, an MPF option, a compliance workflow — and we'll scope a pilot. We're early-stage and transparent about it; you'll talk to the people building it.

Contact us

Exploring on your own first? See the halal baskets →