Published On Nov 24, 2023
In our continuous pursuit of excellence, we are thrilled to share the latest advancements in Shariah equity screening criteria.
Our esteemed Shariah board, renowned pioneers in the field, has made significant enhancements to ensure our screening methodology remains at the forefront of scholarly thought.
Key Points Covered:
Screening Criteria Change 1:
Enhanced Tolerance to Impure Incomes
Companies with less than 5% total business income from non-permissible sectors will now pass Level One Core Business Sector-Based Screens, considering all interest income sources. This aligns with AAOIFI standards, ensuring stringent screening.
Screening Criteria Change 2:
Removal of Cash and Accounts Receivables Ratio
Strict cash ratio thresholds have been removed, adapting to evolving industry trends. Explore how this change reflects the current consensus among leading Shariah boards and Islamic banks globally.
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