parallax-halal-screen

To screen stocks for Shariah compliance, apply AAOIFI/DJIM thresholds to financial data, verifying debt/assets under 33%, cash to assets under 33%, and haram revenue under 5% to produce a pass or fail verdict.

Halal stock screening requires debt-to-assets, cash plus interest-bearing securities to assets, and impermissible revenue ratios, measured against AAOIFI thresholds of 33%, 33%, and 5% respectively for compliance.

Portfolio screening for Shariah compliance is supported, handling small portfolios to determine pass or fail status with calculated ratios and suggesting replacement stocks when non-compliant holdings are identified.

Shariah screening applies qualitative business activity screening to exclude prohibited sectors including banking, alcohol, tobacco, gambling, pork, weapons, and adult entertainment from investment portfolios.

During halal screening, if non-permissible income is present but under the 5% threshold, the stock passes with purification guidance provided to help investors cleanse the impermissible revenue portion.

Parallax financial data is required for Islamic stock screening, pulling company information, financials, financial analysis, and score analysis to calculate ratios and generate an explainable compliance verdict.