Our Shariah Standards

Shariah means “a path leading to..”in Arabic. Sharia deals with many topics addressed by secular law, including crime, politics and economics, as well as personal matters. Hence, it also stipulates certain standards based on which investments should be made or for trade to be conducted. Our Shariah standards comply with all major schools of thought, so as to present a wider universe of investment options to our concerned clients. Highlights of our shariah standards are as follows:

Comprehensive coverage

The Shariah Screening Process conducted by our research team will cover all stocks listed in the Indian Stock Markets. The resulting Shariah list will confirm to strict Shariah Compliance Standards. It will have  a comprehensive representation of companies from large and mid Cap categories, belonging to various sectors. Such a process will provide you an ideal blend of stocks to chose from so as to create an optimum portfolio.

Unbiased

Our research team will assure unbiased Islamic advisory with the help of respectable Scholars in the industry who have authoritative understanding on Shariah and Finance; scholars who represent all major Shariah schools of thought and hence, creating a best practice approach that is credible across  all regions of the Islamic world.

Stock Screening

A more accurate and transparent approach to Shariah compliance is ensured by Screening Stocks with a clear set of guiding principles issued by Islamic Fiqh Academy, AAOIFI and Shariah Scholars. For more information, please refer here.

School Neutral

Our research team will comb through all the major Shariah schools of thought such as the Madina University, Deoband, Jamia Dar us Salam, Shariah Advisory Council of Bank Negara Malaysia (SAC) etc. to create a best practice approach.

Continuous evaluation

The Shariah Stock List will be continuously evaluated against stringent Shariah principles. WealthCity’s periodic reviews will reflect the most current Shariah-compliant status.