Daily verdict reports
Daily Shariah Verdict Changes
Every weekday our screening engine re-reads the filings of every company we cover and re-applies five published Shariah standards. Each report leads with one company, and names the screen that decided it, the ratio, and the limit that applied.
A changed verdict is not always a changed company. A standard can revise its own limit, and a falling share price raises a debt ratio with no new borrowing at all. Each report separates the two rather than leaving a reader to assume.
Reports by date
Sanmina Corporation is no longer halal under AAOIFI
AAOIFI · SANM
Skyworks Solutions, Inc. is no longer halal under AAOIFI
AAOIFI · SWKS
AEHL is halal again under AAOIFI
AAOIFI
Agilon Health, Inc. is no longer halal under Dow Jones
Dow Jones · AGL
Ameren Illinois Company is no longer halal under Dow Jones
Dow Jones · AILIM
AEHL is no longer halal under AAOIFI
AAOIFI
ATLX is no longer halal under AAOIFI
AAOIFI
Common questions
How often do Shariah verdicts change?
On an ordinary weekday, between 14 and 40 companies change verdict under at least one of the five standards. The tail is much longer: when a standard revises its own thresholds, several hundred companies can change in a single overnight run without any of them having done anything.
What makes a company stop being Shariah compliant?
Four things, and only two of them are about the company's own decisions. Its debt, cash or receivables can cross a limit; its revenue from prohibited sources can rise; the business itself can be re-classified; or a standard can move the limit. A falling share price also does it on its own, because three of the five standards divide debt by an average market capitalisation.
Do all five standards change a verdict at the same time?
No, and that is the point of reporting them separately. Most changes move one or two standards and leave the others alone, because the limits, the comparators and the denominators all differ. A company can be compliant under Dow Jones and non-compliant under FTSE on the same day, on the same balance sheet.
Is this the full list of changes?
No. Each daily page leads with one company and carries a selection of that day's other changes, with the day's own total stated beside them. The complete feed, across every stock and fund we cover, is the Verdict Changes API endpoint.
Keep reading
The four AAOIFI tests in order, and why two of them can be crossed by a share price alone.
AAOIFI, the islamic Dow Jones index, FTSE, MSCI and S&P Shariah, side by side.
The industries every rulebook excludes before a single ratio is calculated.
The filings behind every verdict, parsed and joined to the screen that used them.
The full verdict-change feed
These pages are an editorial selection. Every change, across every stock and fund we cover, with the ratio behind it, is an API endpoint.