From islamic-finance
Activate for: Shariah screening, halal stocks, Shariah-compliant portfolio, prohibited sectors Islamic, financial ratio screen Islamic, purification, PSX Shariah list, SC Malaysia Shariah list, Tadawul Shariah, MSCI Islamic index, DJIM, Dow Jones Islamic, AAOIFI Shariah Standard 21, non-permissible income, debt ratio screen, interest-bearing securities screen.
npx claudepluginhub panaversity/agentfactory-business-plugins --plugin islamic-financeThis skill uses the workspace's default tool permissions.
| Methodology | Maintained By | Sector Screen | Debt Screen | NPI Screen | Cash Screen |
Routes Islamic finance queries to the correct product skill and jurisdiction overlay. Activate for any query involving Islamic banking, AAOIFI, Shariah- compliant finance, sukuk, takaful, murabaha, ijarah, musharaka, mudaraba, salam, istisna'a, zakat, or Shariah screening. Covers 20 jurisdictions across 3 accounting regimes (AAOIFI-primary, IFRS with Islamic guidance, local standards).
Ensures investment firms meet CFA GIPS standards for composite construction, time-weighted returns, presentations, verification, error policies, and pooled fund reporting. Useful for compliance reviews and advertising guidelines.
Enforces SEBI compliance in financial research tools by adding mandatory disclaimers to all outputs and declining direct investment advice queries.
Share bugs, ideas, or general feedback.
| Methodology | Maintained By | Sector Screen | Debt Screen | NPI Screen | Cash Screen |
|---|---|---|---|---|---|
| SC Malaysia SRI | Securities Commission Malaysia | Comprehensive positive/negative list | 33% total debt/total assets | 5% non-permissible income | 33% |
| Saudi Tadawul | Tadawul (Saudi Exchange) | Exclusion-based | 30% debt | 5% non-permissible income | 33% |
| MSCI Islamic | MSCI / independent scholars | Exclusion-based | 33% total debt/market cap | 5% non-permissible income | 33% |
| DJIM | S&P Dow Jones / Shariah scholars | Exclusion-based | 33% trailing 24-month average market cap | 5% non-permissible income | 33% |
| AAOIFI SS 21 | AAOIFI | Exclusion-based | 30% total debt/market cap | 5% non-permissible revenue | 30% |
Automatically exclude any company with MATERIAL INVOLVEMENT in:
Hard exclusions (zero tolerance — any involvement disqualifies):
Soft exclusions (use NPI income screen — see Step 3):
Debt Screen (interest-bearing debt / total assets or market cap):
Cash + Interest-Bearing Securities Screen:
Accounts Receivable Screen (some methodologies):
Data sources:
NPI Definition: Revenue from activities that are prohibited under Shariah. Examples: interest income, revenue from conventional insurance, alcohol sales, tobacco sales, pork sales, gambling revenue, adult content revenue.
NPI Threshold: 5% of total revenue (all four methodologies)
Calculation: NPI % = Total Non-Permissible Revenue / Total Revenue × 100
If NPI % > 5% → EXCLUDE If NPI % ≤ 5% → PASS (but requires PURIFICATION — see Step 4) If NPI % = 0% → FULLY CLEAN
Data source: Annual report revenue breakdown, segment reporting. If not disclosed: use analyst estimates or conservative assumption.
For holdings that PASS the 5% NPI screen but have some non-permissible income:
Purification Obligation: For each dividend received from such a company: Purification Amount = Dividend Received × NPI % of that company
Total Portfolio Purification = Σ (Dividend from company i × NPI % of company i)
Action: Donate the purification amount to charity (sadaqah). Do not retain. Cannot offset against income.
Journal entry in investor's / fund's books: Dr: Purification Expense [Amount] Cr: Charity Payable — Purification [Amount]
On payment: Dr: Charity Payable — Purification [Amount] Cr: Cash [Amount]
When different methodologies produce different results for the same company:
Priority hierarchy (conservative approach):
Common conflict scenarios:
Divestment timeline after compliance breach: Most SSBs allow 30 days to divest non-compliant holdings without triggering additional Shariah liability. Confirm with the fund's specific SSB fatwa on divestment timing.