We use AAOIFI Sharia Standard No. 21 — the global standard for Islamic equity screening referenced by the Islamic Development Bank and major GCC regulators. Our engine applies four financial ratio tests (Leverage, Liquidity, Receivables, Non-compliant Income) against quarterly SEC filings via EDGAR integration. Our Sharia Advisory Board conducts an annual methodology review and issues binding Fatawa on methodology-level questions.

No. A Halal Certificate is a compliance analysis document — not a Sharia fatwa and not a binding ruling of any Sharia supervisory board. It is a structured output of our AAOIFI-methodology screening engine. Our Sharia Advisory Board issues methodology-level Fatawa (governing the framework), not individual security-level rulings. Investors must consult their own qualified Islamic scholar before making investment decisions.

Musaffa and Zoya are excellent retail-focused apps. The Institutional Desk is built for fiduciaries — asset managers, family offices, and fund managers who manage capital on behalf of others. Key differences: (1) We issue AAOIFI-format Halal Certificates with Audit Trails suitable for regulatory submission and Sharia board presentation. (2) We provide Purification Calculation Reports for Zakat/Sadaqah obligations. (3) All outputs are bilingual EN/AR. (4) We offer a REST API for portfolio management system integration. (5) Direct analyst access for Institutional tier subscribers.

Halal Certificates are issued quarterly, aligned with SEC quarterly filing cycles (Q1: May, Q2: August, Q3: November, Q4: February). Interim status updates are issued within 24 hours of material SEC filings (8-K, amended 10-Q/10-K) that may affect compliance status. Annual subscribers receive real-time webhook notifications for status changes.

Research Plan: Overnight Desk daily brief, Noise Control, Geopolitics Department, Audit Office Reports (2 sectors). Compliance Plan: Everything in Research + Halal Certificates, Purification Reports, Halal Screening API. Institutional Plan: Everything in Compliance + Direct Analyst Access (WhatsApp/email + monthly live call), Custom Screening requests, Priority Support, all 8 Audit Office sectors.

Yes. You can cancel at any time via your account settings. Cancellation takes effect at the end of the current billing period — you retain full access until then. Annual subscribers who cancel within 14 days of initial purchase receive a full refund. After 14 days, annual subscriptions are non-refundable.

Yes. GCC subscribers can pay via HyperPay, which supports Mada (Saudi Arabia), KNET (Kuwait), and major credit/debit cards in AED, SAR, QAR, KWD, BHD, and OMR. US and European subscribers pay via Stripe.

The REST API provides: (1) Current Halal status for any covered security (ticker lookup). (2) Full screening ratios (Leverage, Liquidity, Receivables, Non-compliant Income). (3) Certificate validity dates. (4) Purification per-share values. (5) Webhook notifications for status changes. Rate limits: Compliance Plan — 1,000 calls/day; Institutional Plan — 10,000 calls/day + custom arrangements available.

We currently cover 8,000+ US-listed equities (NYSE, NASDAQ, NYSE American). Coverage includes all S&P 500, S&P 400 MidCap, and Russell 1000 constituents, plus GCC-relevant sectors (Energy, Financials, Technology, Healthcare, Industrials, Consumer Discretionary, Consumer Staples, Real Estate). Custom screening for securities outside our standard coverage is available on the Institutional Plan.