How HalalGauge screens stocks

Yes — and pretending otherwise would be the opposite of trustworthy. Here is exactly how far the screen reaches, and where it stops.

Incidental & investment income. The impermissible-income screen isn't only interest on deposits. It captures income from non-permissible sources generally — interest, returns on non-compliant holdings, and income from non-compliant lines or associates — to the extent the company reports it. A firm in a permissible sector that earns meaningfully from haram activity still fails here.

Subsidiaries & consolidation. We screen consolidated financials, so a subsidiary's debt and revenue are already inside the parent's figures. A group whose consolidated revenue is materially non-compliant is caught by the sector and income screens.

The honest limit. What no automated screen — ours included — can fully see: private or unreported dealings, off-balance-sheet arrangements, or a one-off external investment a company doesn't disclose. Where filings report investment or associate income, it flows into the income screen; where they don't, no screen can detect it. We surface this rather than imply omniscience. It is precisely why, for a material position, the standing advice is to confirm with a qualified scholar.

Amazon's interest-bearing debt (≈6.5% of market cap) sits well below AAOIFI's 30% cap and DJIM's 33% cap, and its impermissible income (≈2.8% of revenue) is under every scholar's threshold. Under AAOIFI and DJIM, AMZN is Halal.

Mufti Taqi Usmani adds the illiquid-asset floor: tangible assets must exceed 20% of total assets. Amazon's ratio is ≈12% — overwhelmingly intangible (brand, code, AWS goodwill). Under his published standard, AMZN does not represent ownership of enough real assets to be tradable, and the verdict flips to Not halal.

No standard is "more correct." The disagreement is real, published, and held by hundreds of millions of Muslims. HalalGauge's job is to surface it.

Financial fundamentals are sourced from Financial Modeling Prep in Year 1 and graduate to Refinitiv / SIX Financial as international coverage expands. HalalGauge computes the Shariah ratios in-house from balance-sheet primitives — we do not rely on any third party's pre-computed "halal score".

Stock fundamentals refresh nightly. When a company files a 10-K, 10-Q, or equivalent, we re-screen every affected position within four hours and notify Pro-tier users whose portfolio verdicts change.

HalalGauge screens 657 companies today with live fundamentals and real price history. Coverage expands to Hong Kong, Greater China, and other international markets as the enrichment pipeline runs.

HalalGauge does not yet have a Shariah Supervisory Board. Until one is seated, credibility comes entirely from the primary-source citations on this page — every threshold in the engine traces back to a public document you can verify. That citation chain is intentionally the credibility floor.

When a board is engaged, the plan is: quarterly methodology review, audited sample of AI Q&A outputs, and an annual public Shariah report co-signed by named scholars. We will not publish any name before written engagement is in place — claims of supervision without documentation are common in this industry and we refuse to participate.