Reading Halal Reports & Screening Methodologies

What you will be able to do

• Read any AAOIFI-aligned compliance report and explain every threshold and ratio it cites.
• Reconcile differences between S&P Shariah, MSCI Islamic, FTSE Sharia, and DJ Islamic methodologies.
• Run a balance-sheet ratio calculation by hand and verify any provider's published verdict.
• Identify the structural reasons a name was excluded — and the most common provider disagreements.
• Apply the impure-revenue 5% allowance correctly, including marginal cases (airlines, hotels, retailers).
• Trigger a purification calculation in line with AAOIFI Standard 21.
• Recognise when a stock has crossed a threshold mid-quarter and trigger the rebalance procedure.

Curriculum

• 1
  The Halal Screen — A MapFree previewمنهج الفرز الحلال — خريطة
  30 min
• 2
  The Activity Screen — Sector Exclusionsشاشة النشاط
  30 min
• 3
  The Debt Ratio — 33% on What Denominator?نسبة الدين
  30 min
• 4
  Cash & Receivables — The Quiet Disqualifiersالنقد والمستحقات
  30 min
• 5
  The 5% Impure-Revenue Allowanceالسماحية ٥٪
  30 min
• 6
  Reading an S&P Shariah Report End-to-Endتقرير S&P
  30 min
• 7
  Inter-Provider Disagreements — Why Same Stock, Different Verdictsاختلافات المزودين
  30 min
• 8
  Mid-Quarter Threshold Crossingsتجاوز العتبات
  30 min
• 9
  Wrap-Up & Exam — Reading Any Compliance Reportخاتمة وامتحان
  30 min

Sharia certification

This course has been reviewed and certified by the Sharia Advisory Board of The Institutional Desk. Methodology references are aligned with AAOIFI Sharia Standard 21 and the relevant published methodologies of S&P, MSCI, FTSE Russell, and Dow Jones. Meet the board →

Frequently asked questions

Do I need prior knowledge?

You should have completed Course 01 (Fundamentals of Halal Trading) or have equivalent foundational understanding of Riba, Gharar, and Maysir. The course assumes basic balance-sheet literacy.

Is this AAOIFI-compliant?

Yes. Methodology references draw from AAOIFI Sharia Standard 21 (the foundational equity-screening standard) and Standard 59 (the 2023 update on receivables treatment). Differences with provider-specific methodologies are explicitly compared, never glossed.

What's the certificate?

A verifiable PDF certificate with a unique 12-character ID, completion hours, the course methodology reference, and the SAB seal. Verifiable at halalanalysis.com/verify/[id].

Refund policy?

7-day money-back guarantee, no questions asked, provided no more than 25% of the course has been viewed.