What's covered
This site is for Australian Muslims working out whether a specific ASX stock is Shariah-compliant, whether their super is invested in things they'd rather it wasn't, or how much zakat they actually owe on shares. It covers four things: an AAOIFI screen of 270 ASX-listed companies with the ratios shown for each, a comparison of the Islamic super funds available in Australia, calculators for zakat, portfolio growth and take-home pay, and written guides on the reasoning behind all of it.
It is Australia-only by design. Global screening apps cover Australian stocks shallowly and rarely show their working; the point here is that every verdict comes with the numbers that produced it, so you can disagree with it on the evidence.
How the figures are produced
Every stock is screened against AAOIFI Shariah Standard No. 21, the strictest of the three mainstream frameworks. Two stages: a business-activity screen that excludes conventional finance, alcohol, gambling, pork, adult entertainment, weapons and tobacco outright; then three balance-sheet ratios: debt, cash and interest-bearing securities, and accounts receivable, each capped at 30% of market capitalisation.
Figures come from public company filings and are re-checked quarterly. The full criteria, the exact thresholds, and links to the primary source documents are on the Methodology page. Nothing here is a proprietary score you have to take on trust. If you disagree with a threshold, you can go and read the same document we did.
The rules this site holds itself to
Show the working
Every verdict comes with the numbers behind it and the specific test that decided it. A badge with no reasoning is not an answer.
Say when it's disputed
Where credentialed scholars genuinely disagree (home finance structures, nisab standards, zakat on modern assets), both positions are presented rather than one being quietly picked for you.
Don't publish what can't be verified
A widely-repeated claim about an ASX-listed Islamic ETF was checked, couldn't be substantiated, and was left out, with the reasoning published instead.
Correct things in public
When something here turns out to be wrong, it gets fixed and the correction is stated plainly rather than edited away silently.
Name the gaps
Where the Australian market genuinely doesn't offer a good option (takaful, retail sukuk access), that's reported as a finding, not skipped because it's inconvenient.
No black boxes
The methodology is published in full. Anyone should be able to reproduce a verdict from the same filings.
What this site is not
It is not financial advice, and it is not a fatwa. Nobody here is licensed to advise you on your circumstances, and screening a stock against a standard is not the same as a scholar ruling on your situation. For anything consequential (a mortgage, an SMSF, an estate plan, a significant zakat calculation), the right move is a licensed adviser and a qualified scholar, ideally both.
It also doesn't sell anything. There are no accounts, no paywalled content, no sponsored placements and no paid rankings. Funds and providers listed on this site are there because they exist and are relevant, not because they paid to be. If that ever changes (an affiliate arrangement, for instance), it will be disclosed on the page where it applies, not buried here.
Common questions
Why AAOIFI rather than Dow Jones or MSCI?
Because it's the strictest of the three on the test that matters most in practice. AAOIFI checks accounts receivable against market cap; Dow Jones Islamic and MSCI Islamic don't check receivables at all. A stock can be compliant on those standards and fail here, and that comparison is set out in full in a guide.
How current are the figures?
They're re-checked quarterly against public filings, and every screened stock page carries the ratios it was assessed on. Company balance sheets move, so a verdict is a point-in-time reading, not a permanent label.
Does the site store anything I type into the calculators?
No. The zakat, growth and tax calculators run entirely in your browser. Nothing you enter is transmitted, stored or visible to anyone. The privacy policy lists every third party that sees a request when you use the site, including the two price services the zakat calculator calls.
I think a verdict here is wrong. What do I do?
Tell us, with the filing reference. Screening involves judgment calls, particularly for diversified groups where an excluded activity is a small share of revenue, and a well-argued correction is genuinely welcome. The methodology page shows exactly where each line is drawn, which is usually the fastest way to identify where a disagreement actually sits.
Is any of this a substitute for asking a scholar?
No, and it isn't trying to be. The aim is to get you to a scholar with the right question and the actual numbers in hand, instead of a vague worry.