Our product
SHARIAH SCREENER
PRODUCT background
ShariahScreener.com was established by Elzar Shariah Solutions Sdn Bhd in July 2020. It was inspired by a webinar we conducted that was carried out to share investment and stock trading knowledges for the public who still has less exposure in opportunities to gain profit from the world of stock investment. Lead by our founder, Dr. Zaharuddin, as a Bursa MarketPlace Shariah Scholar & Social Influencer, he has started working on the investment and stock trading education program since 2016. However, the current economic conditions were severely affected by COVID-19, making millions of workers lose their job.
Additionally, with the decline in Over Policy Rate by BNM that made the deposit saving benefits in bank institutions to decrease, therefore an effective alternative to generate more profits must be found to replace the declining of the household’s monthly income. One of the alternatives to gain income is through investment and stock trading. There are more than 700 Shariah-compliant stocks at Bursa Malaysia and more than 80,000 in the whole world. Even so, participation in the stock market is a form of business that is full of risks, same goes to normal businesses, therefore the participation must be based on various knowledge. The problem is that stock-related knowledge is too wide and hard for those who doesn’t have the basics to understand and to apply it, let alone when wanting to make a decision to buy a stock or sell it.
On that basis we are taking initiative with the help of our experienced remisier friends that has a license from the authorities as well as a ‘certified analyst’, we have founded one formula to identify potential stocks which includes both fundamental and technical angles. We have separated the options for the public, whether for short-term, medium-term trading or long-term investment. Through this unique formula, that combines various techniques and formula that is proven effective from various parties, we programmed it as a special parameter and the system will automatically analyse all stock counters on a daily basis and list the most potential stocks as the burst of ideas of the right companies to focus on and analyse by investors and stock traders.
Other than that, this website also provides facilities for users to conduct a review of Shariah-compliance status for the listed stocks in the NASDAQ market. We provide eight (8) types of Shariah Screening techniques decided by various authorities in the world which are Accounting & Auditing Organization for Islamic Finance (AAOIFI), Morgan Stanley Capital International (MSCI), FTSE Shariah (FTSE), Dow Jones Islamic (DJIM), Thomson Reuters Ideal Ratings (TRIR), The STOXX Europe Islamic (STOXX), ISRA Bloomberg (ISRA) dan Securities Commission of Malaysia (SAC). With that, this platform will hopefully help the Muslim community especially in the world of stock business to make the decision to invest with data and information support with an affordable price.