"Islamicly" is a retail app for Shariah compliant Trading and automated Compliance monitoring designed to empower Muslim retail traders. Islamicly empowers your Shariah compliant trading journey by providing accurate, well-researched, Institutional grade, renowned Shariah scholars backed, real-time information about the Shariah compliance of globally listed stocks. Our goal is to open up the global equities markets for Islamic retail investors, allowing them to invest in accordance with their religious beliefs with the peace of mind that it is backed by the most renowned and Industry pioneering Shariah scholars.
Key Features:
Islamicly is certified for Shariah-compliant trading by Globally Renowned and pioneering Shariah scholars such as Dr Muhammed Elgari of Saudi Arabia, who is also a member of the AAOIFI Shariah Board.
Collaboration with over 32+ leading stock brokers globally ensures access to a wide range of global Muslims
Trade right through the App: Islamicly App is now integrated to support trading functions so that all your trades are compliant at the time of execution.
No Need for a new Broker account: Just log in with your existing broker account and link it with your Islamicly Account (single click process).
The Shariah screening provided by islamicly is trusted by more than 200 leading institutions and over 300,000 individuals for more than 20 years.
Islamicly App is available for investors in 175+ countries, making it a globally accessible platform.
Real-Time Shariah Compliance Status: The app offers real-time information on the Shariah compliance status of stocks listed globally. This information is updated on a daily basis, ensuring users have the most current compliance information.
Daily Compliance Status: Users can access the daily compliance status of individual stocks. This feature helps users stay informed about the Shariah compliance of their investments.
Automated Portfolio Compliance Monitoring: Islamicly App providers automated alerts when a stock changes compliance status.
Automated Purification Value Calculation: Islamicly app includes a feature that accurately calculates purification values for your dividends as well as for capital gains (if applicable). This is the most important feature of a Shariah compliant portfolio, where the impure income portion needs to be given to charity. This calculation assists users in determining the purification amount seamlessly
Stock Addition Requests: Users can request the addition of new stocks to the apps coverage if those stocks are not already included in the existing universe.
Forums and Discussions: The app features forums and discussion sections where users can engage in conversations about various stocks and investment strategies. This community aspect provides a well-rounded view of stock investments.
The team behind Islamicly has the biggest and most extensive experience in the Shariah compliance screening space. Our research is supported by the most renowned Shariah scholars who are in-house to Islamicly. The research process has been developed over 20+ years of dedicated liasoning with the foremost authorities on Shariah compliance, hence providing the consumer with the gold standard on Shariah compliance.