Finispia 1.0

Overview

Finsipia serves as a comprehensive stock screening tool aimed at facilitating Islamic investment practices. It provides users with clear insights into the halal status of various stocks, supporting both individual investors and those acting on behalf of others. The platform is designed to help users navigate the complexities of Sharia-compliant investing with confidence and ease.

What sets Finsipia apart?

• Multiple Halal Standards: Screening results are based on five distinct Islamic investment methodologies, offering a broad perspective on compliance.
• Extensive Stock Universe: Access to over 220,000 stocks across more than 90 countries ensures a diverse range of investment options.
• Advanced Filtering Capabilities: Users can filter stocks by country, sector, financial ratios, and Halal status to refine their selections.
• Portfolio Monitoring: Users can add stocks to a watch list for ongoing tracking and assessment.
• Real-time Alerts: Notifications are provided if a stock exits the Halal universe, enabling prompt action.
• Seamless Trading Integration: The platform supports trading through third-party brokers chosen by the user, streamlining the investment process.

Frequently Asked Questions

1. What is stock screening?
Stock screening involves filtering the universe of available stocks based on specific criteria desired by investors, resulting in a shortlist of suitable investment options.
2. How is a stock considered halal? What does Halal Stock Screening entail?
Each screening methodology is supported by a reputable Sharia advisory board. The criteria involve two main components: sector-based restrictions and financial ratio thresholds. Non-compliant sectors such as Alcohol, Tobacco, Pork, Adult Entertainment, Conventional Financials, Gambling, and Weapons are excluded upfront. Remaining companies are then evaluated against financial ratios like debt levels and liquidity to ensure overall compliance.
3. What are the different Islamic investment standards provided by Finsipia?
The platform offers results based on five prominent Islamic investment standards: Dow Jones, Standard & Poor’s, FTSE, MSCI, and AAOIFI.
4. Why does Finsipia present multiple Shariah compliance ratings for a stock?
The concept of “Halal” in stock investments does not yield a single definitive answer; it varies according to scholarly interpretations. Ratings range from 1/5 (pass) to 5/5 (full compliance). A lower number indicates at least one scholar or body approving the stock as Halal, while higher ratings reflect increasing consensus. Users can choose to align their investments with their personal comfort levels and tolerance for compliance variability.
5. How frequently is the data updated?
The platform utilizes intraday data updates, ensuring real-time accuracy in screening results and compliance assessments.
6. Is there a free plan available?
Yes, our free plan allows testing the Halal status of up to three stocks from around the world, providing basic access for initial evaluation.
7. Can I cancel my subscription?
Cancellations can be made at any time through the user dashboard by switching back to the Free Plan.
8. Are refunds available?
Customers are entitled to a refund within 14 days for either total or partial payments. Refunds are calculated on an unused basis—prepaid fees for search quotas under Basic and Premium plans are refunded on a pro-rata basis based on a 365-day year; unlimited plans are refunded proportionally over 30 days.
9. Can I begin trading through Finsipia?
Yes. Users can connect with compatible third-party brokers based on their country of residence and commence trading directly through the platform, simplifying the transition from screening to execution.