Question 1

What is Halal Stock Checker?

Accepted Answer

Halal Stock Checker (Barakfi) helps you check halal stocks and see methodology-based compliance status. It uses trusted financial ratios aligned with standards such as S&P Shariah, AAOIFI, and FTSE/Maxis. The product verdict labels are Shariah Compliant, Requires Review, and Not Compliant.

Question 2

How does Shariah stock screening work?

Accepted Answer

Shariah stock screening evaluates companies against Islamic financial principles. Each stock is tested on 5 key financial ratios: debt-to-market-cap, cash & interest-bearing securities to market cap, accounts receivables to market cap, non-permissible income ratio, and sector/business activity screening. Stocks that pass all criteria are marked as Shariah Compliant.

Question 3

Is Barakfi free to use?

Accepted Answer

Yes. Halal Stock Checker is free. You can check stocks, use calculators, and compare — all without payment.

Question 4

What screening methodologies does Barakfi use?

Accepted Answer

Barakfi uses three globally recognized Shariah screening methodologies: S&P Shariah Indices methodology, AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) standards, and FTSE/Maxis Shariah methodology. Each has slightly different thresholds, giving you a comprehensive multi-standard compliance view.

Question 5

How many Indian stocks does Barakfi screen?

Accepted Answer

Barakfi currently screens 160+ NSE-listed Indian stocks covering all major sectors including IT, pharma, auto, FMCG, cement, and more. The universe is continuously expanding.

Question 6

What is a purification calculator?

Accepted Answer

A purification calculator helps users determine the non-permissible portion of dividends received from screened stocks. Even Shariah-compliant companies may have a small percentage of non-permissible income, and this amount can be set aside for purification.

Question 7

How do I calculate zakat on my stocks?

Accepted Answer

Barakfi's free zakat calculator helps you compute zakat on stocks, gold, savings, and other zakatable assets based on current Nisab values. The standard zakat rate is 2.5% of total zakatable wealth held for one lunar year.

Is NMDC Steel Ltd. Halal?

See why this stock screened this way