Understand compliant, non-compliant, and unknown states, source timing, and the limits of screening data.
If Shariah eligibility matters to your stock selection, review it before focusing on a price setup. Exelza provides a screen based on business activity and available financial information to help you identify exclusions and cases needing review. The result is an aid, not a fatwa or a permanent classification.
Treat source, effective date, and unknown states as part of the result.
What the page shows
Field or control
How to use it
Compliant
Passed the available business and financial screening. Review the reason and supporting details.
Non-compliant
Did not pass the business or financial checks; inspect the stated reason.
Unknown or review required
Do not assume eligibility. Information may be absent or insufficient.
ETF or non-stock instrument
A fund is not a single-company stock; this label is not an eligibility approval.
Screening details
Review business activity, debt, cash, impure-income ratios, missing-data notes, and review time where shown. Missing data is not a confirmed zero.
Compliance filter
Uses the available classification to narrow results. Recheck details when data is old or conflicts with another source.
Recommended workflow
Check the exact security, share class, and exchange.
Read the state and its source or effective time.
Open available details instead of relying on badge color.
Recheck after earnings, financing, mergers, or material business changes.
Use a qualified authority or methodology appropriate to your requirements for the final determination.
How to interpret the result
Unknown means insufficient current data, not compliant by default.
Different methodologies can reach different results.
A historical compliant state can become stale.
Common mistakes
Treating the badge as a permanent ruling.
Ignoring debt, income, or business-model changes.
Assuming all securities from one issuer share one classification.
Risk and limitations
Compliance data may be delayed, incomplete, or based on a methodology that differs from your requirements. Verify independently before relying on it.
Read why: is the instrument a fund, or are financial fields missing? Do not convert missing information into an approval or rejection yourself. Review the available details and consult your qualified reference, especially after a new financial report.
