Akinda Blog

Halal investing, methodology, stock analysis

Notes and reference articles on Shariah screening methodology, AAOIFI standards, individual stock analysis, and developer tutorials for building on top of the Akinda API.

Shariah Compliant Fund: How Holdings Decide the Verdict
shariah compliant fund

Shariah Compliant Fund: How Holdings Decide the Verdict

A shariah compliant fund is judged on its holdings, not its label. Learn the screens, weights, purification and how to verify one.

2026-10-30

Three cards listing the AAOIFI tests — business activity, non-compliant income under 5%, debt and liquidity under 30% of the 12-quarter average market cap — with pills reading 5% income, 30% debt and 30% cash.
Standards & methodology7 min read

What makes a stock Shariah-compliant?

The activity screen, the three financial ratios and the real AAOIFI thresholds behind them - plus why five published standards reach three different verdicts on one company.

2026-10-21

Three cards for the manual check — read the filing, lift the line items, apply the ratios — closing on pills reading “fine for five companies” and “not for a watchlist”.
Standards & methodology7 min read

How to check if a company is Shariah compliant, step by step

Two screens, six filing line items, three ratios. The procedure for checking one company by hand, and the point at which doing it by hand stops working.

2026-10-21

Three buyer’s questions on cards — which standard, show the ratio, what about funds — under a note that coverage count is the wrong first question.
API for developers7 min read

How to choose a Shariah compliance API: seven questions to ask

Coverage count is the wrong first question. Here are the seven that actually decide whether your halal product can defend its own verdicts.

2026-10-21

Three stacked cards showing one company read three ways — AAOIFI doubtful, Dow Jones and S&P halal, FTSE and MSCI not halal — beside the heading “Why two halal apps disagree about the same stock”.
Standards & methodology7 min read

Why two halal investing apps disagree about the same stock

One app says halal, the other says avoid, and your support queue fills up. Usually neither is wrong - they follow different standards. Here is what differs.

2026-10-21

Three cards tracing the purification calculation from income received, through the company’s non-compliant share, to the purifiable amount.
Standards & methodology6 min read

How to calculate purification for your users

A verdict tells a user whether to hold something. Purification tells them what to give away. Here is how the calculation works and where products get it wrong.

2026-10-21

Blog — Halal Investing & Shariah Methodology | Akinda