A screening conclusion only makes sense within the specific methodology and evidence behind it.
A methodology is a set of definitions
A Shariah screening methodology describes how an authority or provider approaches business activities and financial characteristics. Its definitions, scope, review process, and treatment of particular activities matter.
AAOIFI publishes Shari’ah standards, while index providers publish methodologies for their own index series. These are different sources with different purposes. Refer to the applicable original publication rather than assuming that a summary is interchangeable with the standard.
Read the framework, then the result
When comparing research, record the exact methodology and edition, the financial period being assessed, and the source of the underlying information. Check the definitions and calculation basis in that methodology.
Do not combine a threshold from one framework with a denominator from another. A simple pass/fail label cannot explain missing information, review dates, or the judgment behind an interpretation.
Use differences as a reason to investigate
Different conclusions are a prompt for further reading and qualified guidance. They are not evidence that one result is automatically correct or that the most permissive conclusion should be chosen.
AqlVest 1.0 provides introductory education. Screening calculators are planned and are not available on this website. No company or product is certified by AqlVest.
Sources & further reading
Consult the original publications for their full context and current versions. External organisations do not endorse AqlVest.
AAOIFI — Shari’ah standards (opens in a new tab)MSCI — Islamic indexes and methodology resources (opens in a new tab)This is general education, not investment advice, a screening conclusion, or a religious ruling. It may not address your circumstances. Read our financial and Shariah disclaimer.
