Written against named standards, not opinion
"Is this halal?" asked one instrument at a time — because the answers genuinely differ, and the reasons they differ are the useful part. Every article names the standard or ruling it relies on so you can check it rather than take it.
These pages exist because the same question kept arriving in a shape no screener can answer. A verdict tells you about a company; it cannot tell you whether the contract you were planning to use is a sale at all. Stocks, forex, options and futures get materially different answers, and the differences come from a small number of very old rules about what may be sold and when it must be delivered. Where scholars genuinely disagree, that is said rather than smoothed over — and nothing here is a fatwa.
One instrument per article, each ending in what this platform actually does about it.
A share is proportionate ownership in a real business, which is why equities are the one asset class most contemporary scholars permit outright — and why the whole question moves to which business, and what its balance sheet looks like.
Holding time is not the issue. The three concerns underneath the label — riba, gharar and maysir — are, and they separate a cash purchase of a screened stock from a leveraged short of the same stock held the same five minutes.
Exchanging currency is explicitly permitted; retail leveraged forex is a different transaction wearing its name. Spot settlement, overnight swaps, and what a "swap-free Islamic account" does and does not fix.
The objection is not volatility or risk — it is what the premium buys. A named ruling, the arbun and covered-call counter-arguments, and why passing the compliance screen does not travel to the contract.
Both sides deferred is the one sale shape classical fiqh rules out by near-consensus. Why salam is the permitted mirror image, and what crypto perpetuals' funding rate actually is.
The objection is maysir, not volatility — a token with no function returns a gain only when a later buyer funds it. Why gharar covers the supply and the liquidity rather than the price, and the four on-chain facts that decide a token rather than its branding.
"Crypto" is not one asset. A payment network, an interest-bearing stablecoin and a lending protocol get different answers, which is why every coin here is screened individually rather than as a category.
Three separable questions get reported as one: is Bitcoin property, is it currency, and is acquiring it commerce or a wager. Plus why mining is treated more favourably than trading by almost everyone who permits it at all.
Payment for real validation work, or a fixed return for locking up an asset? Both descriptions fit the same facts, which is why this one is genuinely unresolved — and why lending yield is not the same question.
A fund unit is a claim on a basket, so the basket's compliance passes straight through. Why broad-market trackers fail by construction, what a Sharia ETF actually changes, and the issues that survive the switch.
The least disputed answer in the series, which makes it the clearest illustration of what riba is. Including why interest-free leverage still has a case to answer, and why a compliant stock does not rescue the trade.
Two separate defects, either sufficient on its own — and three popular workarounds that each swap the problem for a different one. This is the constraint that shapes this platform most visibly.
The instrument most often sold with an "Islamic account" option, and the one where that option changes the least. Nothing is owned, nothing is delivered, and the position is financed overnight.
Almost every ruling in this series reduces to one of three. What each actually covers, how they differ, and three questions in order that let you reason about an instrument nobody has ruled on yet.
Screening decides what you may own; purification handles what you may keep. One multiplication, the real disagreement over capital gains, and why it is neither zakat nor sadaqah.
The pages that document the machine itself — every threshold, every source, and what the system is deliberately not.
| Article | Topic | Published | Read |
|---|---|---|---|
| Screening MethodologyEvery published Islamic finance standard applied to stocks here, its numeric thresholds, where the underlying figures come from, and what purification means in practice. | How the screen works | 12 min | |
| How We Screen CryptoThe frameworks behind every crypto verdict, each one's real source, and the closed set of facts a verdict may be computed from — so the answers can be checked rather than trusted. | How the screen works | 8 min | |
| Under the HoodThe machinery behind the site: what runs, when it runs, and where each number on a page was actually fetched from. | How the system works | 3 min | |
| Frequently Asked QuestionsIs this financial advice, is a verdict a fatwa, how is compliance actually determined, and what does any of it cost. | Straight answers | 3 min | |
| About Halal Trading RoomWhy this is a research platform rather than a blog with a screener embedded in it, and what it deliberately is not. | Why this exists | 3 min |
Reading is not the point of the site. Every article above ends by pointing back at something live — 12,043 symbols already screened against seven published methodologies on Stocks, every coin reviewed individually on Crypto, and every signal published with its stop, its target and its resolved outcome on Signals. If an article convinces you of something, the next click should be the data.
Every page here is research, published openly and free to read — not a fatwa, and not financial advice. When in doubt, consult a qualified scholar.