Algorithmic Precision for Faith-Aligned Investors
ShariahSignal is built by AIA Innovations Ltd to provide retail and institutional investors with transparent, mathematically verifiable Shariah compliance audits, DCF intrinsic valuations, and forensic accounting analytics.
🏛️ Who We Are & Our Mandate
Founded by financial engineers, software architects, and Islamic finance researchers, ShariahSignal solves one of the most pressing challenges facing modern Muslim investors: the lack of transparent, real-time, mathematically auditable equity screening.
Traditional Islamic screening has historically relied on annual PDF reports, opaque subscription services, or discretionary ratings that fail to account for quarterly debt fluctuations, secondary debt issuances, or market capitalization contractions. When equity markets experience volatility, a company that was compliant in January may breach financial debt ceilings by June.
ShariahSignal provides a non-discretionary, algorithmic screening infrastructure that monitors thousands of equities listed across the National Stock Exchange of India (NSE), Bombay Stock Exchange (BSE), New York Stock Exchange (NYSE), and NASDAQ. Every ratio is derived programmatically from genuine audited regulatory filings.
Our Core Principle: We believe Shariah compliance should never be a black box. Every investor has the fundamental right to inspect the exact balance sheet numbers, the mathematical formulas applied, the primary Shariah standard utilized, and the exact dividend purification percentage required.
⚙️ Our Architectural Pillars
📊 1. Multi-Standard Jurisprudence
We implement the official screening frameworks of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI Standard No. 21), Dow Jones Islamic Market (DJIM), FTSE Shariah, MSCI Islamic, and the Securities Commission Malaysia SAC. Investors can switch standards instantaneously to match their local supervisory scholars.
🔍 2. Audited Filing Ingestion
Our backend feeds directly from audited quarterly SEC EDGAR XBRL databases (for US equities) and Ministry of Corporate Affairs / BSE / NSE audited financial ledgers (for Indian equities). We do not scrape unverified third-party blogs or use estimated balance sheet approximations.
📐 3. Quantitative Factor Rigor
Shariah compliance is an ethical gatekeeper, not an investment thesis. A halal company can still be overvalued, debt-trapped, or facing technological disruption. ShariahSignal integrates fundamental metrics—Altman Z-Score bankruptcy prediction, Piotroski F-Score financial health, ROCE capital efficiency, and DCF intrinsic margin of safety.
🕊️ 4. Zero Sponsored Biases
ShariahSignal operates with strict editorial and analytical independence. We do not accept sponsorship payments from publicly traded companies to award compliance certificates, nor do we operate proprietary brokerages that profit from trade order flow.
📜 Institutional Shariah Alignment
Our screening rules do not represent personal opinions or proprietary re-interpretations of Islamic jurisprudence. We strictly code the published resolutions and standards established by recognized international Islamic bodies:
- AAOIFI (Manama, Bahrain): Standard No. 21 (Financial Papers: Shares and Bonds), Articles 3/1 through 3/4, governing core commercial activity permissibility, 30% debt thresholds, 30% liquidity caps, 67% accounts receivable ceilings, and 5% impure income purification.
- OIC Islamic Fiqh Academy (Jeddah): Resolution No. 63 (1/7) on trading shares of corporations whose primary activity is lawful but occasionally transact with conventional interest due to prevailing market conditions (Umum al-Balwa).
- Securities Commission Malaysia (SAC): Chapter 15 guidelines on real estate investment trusts (i-REITs) and transaction fee utility frameworks (Ujrah) for electronic payment gateways.
- S&P & Dow Jones Shariah Boards: Leading consensus on platform intermediaries, enterprise cloud hosting (neutral utility doctrine), and digital advertising monetization filters.
To read the full text, conditions, and official citations of these authoritative rulings, visit our dedicated Institutional Fatwa Vault and our Screening Methodology Whitepaper.
👥 Company & Research Team
ShariahSignal is developed and maintained by AIA Innovations Ltd, a specialized financial technology software company registered in India.
Our multidisciplinary team includes:
- Quantitative Software Engineers: Building real-time WebSocket pipelines, high-throughput financial ratio engines, and client-side reactive dashboards.
- Financial Analysts: Reviewing quarterly corporate earnings releases, forensic divergence between Cash Flow from Operations (CFO) and Net Profit (PAT), and intrinsic DCF models.
- Islamic Finance Researchers: Tracking global regulatory updates, emerging fatwas on environmental credits and fintech, and ensuring exact mathematical fidelity to AAOIFI and DJIM standards.
Have questions about our data pipeline or want to submit an audited filing correction? Reach out to our compliance desk directly at contact@aiainnovations.in or visit our Contact Us Page.