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Sharia screening by sector

How different industries fare under Sharia screening, with real verdicts pulled from our screening engine.

All FAIL

Banking & conventional insurance

Banks fail across all three standards — sector exclusion plus debt ratios above 200% of market cap.

Most PASS

Technology

The most Sharia-friendly sector. AAPL, MSFT, GOOG pass cleanly. Watch for cash-heavy names like SHOP under MSCI.

Mixed

Energy & pipelines

Sector passes universally; pipelines often fail Gate 2 on debt. E&P producers usually pass cleanly.

Pre-certified

Sharia-compliant ETFs

HLAL, SPUS, SPSK, UMMA, SPRE, SPTE — ETFs whose mandate already enforces compliance.

More sectors coming. Read the methodology for the locked thresholds and per-standard differences.