Screening Methodology
Gennoor Invest never hides how a verdict was reached. Every report shows the screen-by-screen result, the underlying figures, and the filing they came from. Choose the standard you trust — verdicts can differ between standards, and that’s shown honestly.
Prohibited core businesses
A company whose core business is any of the following is non-compliant under all supported standards, regardless of its financial ratios:
- Conventional (interest-based) banking
- Conventional insurance
- Non-banking financial company (interest-based lending)
- Alcohol production or distribution
- Tobacco
- Gambling, betting and lottery
- Pork and non-halal meat processing
- Adult entertainment
- Conventional asset management / brokerage
- Weapons and defence (offensive)
AAOIFI Shariah Standard No. 21
Business screen: core business must be permissible and non-compliant income (including interest) must stay under 5% of total income. Financial screens: interest-bearing debt and interest-bearing investments must each stay under 30% of market capitalisation.
| Screen | Limit |
|---|---|
| Non-compliant income (incl. interest) / revenue | < 5% |
| Interest-bearing debt / market cap | < 30% |
| Interest-bearing investments / market cap | < 30% |
S&P / Dow Jones Islamic Market
Business screen: permissible core business with non-compliant income under 5% of revenue. Financial screens: debt, cash + interest-bearing securities, and accounts receivable must each stay under 33% of the 36-month average market capitalisation.
| Screen | Limit |
|---|---|
| Non-compliant income (incl. interest) / revenue | < 5% |
| Debt / 36-month avg market cap | < 33% |
| Cash + interest-bearing securities / 36-month avg market cap | < 33% |
| Accounts receivable / 36-month avg market cap | < 33% |
Human review
Figures are extracted from company filings by an automated pipeline, then verified by analysts. Borderline results are marked “Doubtful” and queued for scholar review rather than silently rounded into a verdict. A verdict is only marked “reviewed” once a human has approved the underlying data.