The major service is Sharia Compliance Data Feed.
Sharia Compliance data feed provides asset managers with a solution to help them manage portfolios in accordance with the needs of Muslim clients. Updated monthly, the data covers companies on a global basis, including those in emerging markets. In addition, you can set your own revenue thresholds for screening criteria to align with your definition of industry involvement.We support most of the Islamic Indecis Standards jor Islamic Indices Dow Jones FTSE MSCI S&P Russell MANDAR and Our Standard QRC our any predefined standard by user.
Income generated by a Shariah-compliant fund must also be ‘purified’ as it is often unavoidable that some of the income generated by the underlying companies in which a Shariah fund invests will include some form of non-halal income such as interest. The Shariah board’s input is again necessary in determining the types of income that need to be purified.
Mobile application support the ivestor , tell if the company is shariaa complance or not.