Singapore's Shariah screening for SGX stocks.
Free, independent, and methodologically open. Every verdict shows the ratios, thresholds, and annual-report citations behind it — the reasoning is there for anyone to check.
First cycle publishing soon
The inaugural screening cycle is in progress. Effective 1 June 2026.
Business activity
Core business must be halal.
We screen out conventional banking, insurance, alcohol, pork, tobacco, gambling, adult entertainment, and weapons.
Income ratio
< 10% non-halal income
Interest income + non-halal revenue combined must stay below 10% of total revenue (adopts OJK Indonesia).
Debt ratio
< 33% (< 50% REITs)
Interest-bearing debt as a percentage of total assets. REIT threshold aligns with MAS aggregate leverage cap.
Why Shariah.sg?
Every verdict shows the underlying ratios and a citation to the annual-report page we read. No opaque scores.
Applies Fiqh al-Aqalliyyat with OJK Indonesia and SC Malaysia as regional precedents. Reviewed by named Shariah Advisers.
Every stock is also scored under AAOIFI, FTSE, SC Malaysia, and OJK — so you see how standards differ.
Built as a giving-back to the Singapore Muslim community. Independent and free for everyone.