Question 1

What is Barakfi?

Accepted Answer

Barakfi is India's free halal stock screener. It screens 160+ NSE-listed Indian stocks for Shariah compliance using globally recognized methodologies including S&P, AAOIFI, and FTSE/Maxis standards. It's completely free to use and designed for Indian Muslim investors.

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 Halal.

Question 3

Is Barakfi free to use?

Accepted Answer

Yes, Barakfi is completely free. You can screen stocks, track your halal portfolio, use the purification calculator, zakat calculator, and compare stocks — all without any 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 halal investors determine the non-permissible portion of dividends they receive from stocks. Even Shariah-compliant companies may have a small percentage of income from non-halal sources, and this amount should be donated to charity (purification).

Question 7

How do I calculate zakat on my stock investments?

Accepted Answer

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

Nandan Nilekani

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