Question 2: Do you agree that these apps are Shariah-Complaint (halal)? Like, if they say that TESLA is shariah-complaint, then should I follow them instead of doing stock-screening by myself (because I think it takes time and knowledge):
May Allah bless you.
In both scenarios, if a shariah board or shariah council has approved any products, then I would suggest to accept their opinions.
I haven’t watched the video therefore cannot comment. We don’t do screening of individual companies. We would invite you to learn this valuable skill through one of our courses.
P.S: at a quick glance of Tesla, it seems that the level of debt might be an issue.
Zoya is simply an information service that can be used as a research tool to help you get started on your halal investing journey. Currently, we screen stocks using the AAOIFI screening methodology under the guidance of our shariah advisor, Sh. Joe Bradford. Soon, you’ll be able to customize your screening criteria in order to better suit your personal needs.
Feel free to reach out if you have any questions. Happy investing!
