Trading subscriptions and indicators — an honest answer
The question we receive most — answered the way we would want it answered for us: no runaround, and no manufactured fatwa.
Before any answer: we are an analysis and education service, not a fatwa authority. What falls within our field we will state with complete clarity; what does not, we will tell you exactly who to ask — and we will not dress you in a comfortable answer just so you subscribe.
Subscribing to a market-analysis service — where does it stand?
What you pay for here is a clearly defined service: analysis, education and software tools. We explain the state of the markets and show you our method — we do not manage your money, we do not promise profits, we have no interest products and no loans, and the final decision is always yours. That is the exact nature of the service — and you are welcome to present it, exactly as it is, to the scholars you trust if you want to be certain.
Is trading itself halal or haram?
We will not issue a ruling — the judgment differs with the instrument you trade, the way you trade it and the type of account, and there are details on which there is well-known discussion among the scholars. The honest advice: ask a fatwa authority you trust, and describe to them precisely what you trade and how — an accurate description is half the answer.
What does an "Islamic account" at a broker mean?
An account with no overnight interest — meaning the broker neither takes from you nor pays you interest on a position that stays open overnight. It is something you request from your broker, strictly between you and them — we have no connection to your account at any broker and know nothing about it.
TradingView indicators and software tools — anything wrong with them?
An indicator is a computational tool that reads price and draws what already happened — exactly like a calculator: it does not buy, does not sell and guarantees nothing. The tool in itself carries nothing; the judgment lies in how you personally use it and in your own decisions.
The bottom line: we answered what we know honestly, and where it is not our field we told you who to ask. This page is for clarification, not for issuing rulings — and the decision, in the end, is yours.
Stock screening: which standard do we apply?
We apply AAOIFI Shari'ah Standard No. 21, Financial Paper (Shares and Bonds), issued on 30 Rabi' I 1425 AH (20 May 2004), as published on AAOIFI's website. We last reviewed its limits on 2026-10-01. We read what the standard says; we do not issue fatwas.
We screen the company's activity, interest-bearing debt to the 12-month average market capitalisation against a 30% limit, and interest-bearing cash and investments to the 12-month average market capitalisation against a 30% limit. We recheck the standard's text every 30 days; if it changes, we review our limits before changing them.
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