Gambling
Certified
Shariah-compliant Status
Our Shariah board members continuously monitor our operations, systems, and technologies to ensure that we adhere completely to Shariah standards.
View Certificate

Our Methodology
At Musaffa, our intense qualitative and quantitative screening process follows AAOIFI* methodology. By using this approach, we produce unified, accurate, and detailed reports on company stocks on a global scale.
Prohibited Business Activities
Alcohol
Related Products
Tobacco
Marijuana
Entertainment
Cloning
Firearms
And Defence
Institutions That
Deal With Interest
Excess Debt
AAOIFI Stock Screening Methodology
Revenue Ratio
IMPERMISSIBLE REVENUE
TOTAL REVENUE
Interest Ratio
INTEREST-BEARING SECURITIES AND ASSETS
TRAILING 36-MONTH AVERAGE MARKET CAPITALIZATION
Debt Ratio
INTEREST-BEARING DEBT
TRAILING 36-MONTH AVERAGE MARKET CAPITALIZATION
Our Processes at Musaffa

Our exceptional financial analysts produce an accurate and comprehensive report on each publicly traded company by analyzing all publicly available information, including annual and quarterly reports, company websites, company presentations, press releases, and much more.
We offer three Shariah-compliance statuses for the stocks we cover: Halal, Not Halal, and Doubtful. The stocks we have not yet analyzed will be under “Not Covered” status.
Once we determine that the stocks are Shariah-compliant, we divide the Shariah-compliant stock universe into nine groups: A+, A, A-, B+, B, B-, C+, C and C-. The higher the rating, the more Shariah-compliant the stock is. For example, suppose a particular stock receives a rating of A+. In that case, that stock belongs to the most Shariah-compliant stocks group.
We survey annual and quarterly reports, company presentations, press releases, and more to provide you with the most accurate and up-to-date information on your stocks. We also make informed adjustments based on the footnotes revealed on reports to give you a clear picture of a company’s financial standings.