Islamicly App Review 2026: Global Halal Stock Screener

Overview: The Global Halal Stock Screener

For Muslim investors who wish to invest directly in individual stocks or construct their own Shariah-compliant portfolio rather than delegating to a robo-advisor like Wahed, the fundamental challenge is screening. How do you know whether Apple, Amazon, or Tesla is halal? How do you check the debt ratio, interest income percentage, or whether the company's business lines include prohibited activities? Manual screening requires access to financial databases and time-consuming analysis.

Islamicly solves this problem by automating the screening process across a database of over 30,000 global stocks. The app covers stocks on major exchanges including the NYSE, NASDAQ, London Stock Exchange, Toronto Stock Exchange, and major Asian exchanges, making it one of the most geographically comprehensive halal screening tools available.

The key competitive advantage of Islamicly over competing apps is its free tier: the full Shariah compliance scorecard is available without a subscription. This democratises halal stock screening, allowing individual investors to verify compliance of their holdings without paying a monthly fee. Premium features add additional functionality for power users, but the core screening function remains free.

How Islamicly Works

Using Islamicly is intentionally straightforward. Investors search for a stock by name or ticker symbol, and the app retrieves the compliance data from its database. The result is displayed as a Moons rating (1–5) and a detailed scorecard showing which specific Shariah criteria the company passes or fails, including the numerical values for each financial ratio (e.g., "Debt/Assets: 18.2% — Pass" or "Interest Income/Revenue: 4.9% — Borderline").

For portfolio screening, users can input a list of stocks (by ticker) and Islamicly generates a portfolio-level compliance report in approximately 60 seconds, showing which holdings are compliant, which are not, and the overall proportion of the portfolio in each category. This is valuable for investors who have inherited a portfolio, switched to halal investing after years of conventional investing, or want to audit an existing portfolio for Shariah compliance.

After identifying halal stocks through Islamicly, investors can use our Halal Investment Calculator to model the projected returns and build an optimal halal portfolio allocation.

Screening Methodology

Islamicly's screening methodology follows a two-stage approach standard in Islamic equity screening:

Stage 1: Business Activity (Sector) Screen

Companies whose primary business is in a prohibited sector are automatically excluded: alcohol production and distribution, tobacco, pork products and processing, weapons and defence, gambling and casinos, pornography and adult entertainment, conventional interest-based financial services (banks, insurance companies). For diversified companies with some involvement in prohibited activities, Islamicly applies a revenue threshold: if impermissible revenue exceeds 5% of total revenue (for serious prohibitions like alcohol) or 25% (for softer exclusions), the stock fails the sector screen.

Stage 2: Financial Ratio Screen

Companies that pass the sector screen are then assessed against financial ratio thresholds aligned with AAOIFI standards. The key ratios are: total debt divided by trailing 12-month average market capitalisation (must be below 33%); the sum of cash and interest-bearing securities divided by trailing 12-month average market cap (must be below 33%); and accounts receivable divided by trailing 12-month average market cap (must be below 33%). These ratios assess how much of a company's financing and operations involve interest-bearing instruments.

A company that passes both the sector screen and the financial ratio screen receives a positive compliance assessment. The Moons rating further differentiates between stocks that pass comfortably (higher moons) and those that pass marginally (lower moons), allowing investors to select higher-quality halal stocks if desired.

Key Features

Islamicly's feature set covers the full workflow of halal stock investing, from initial screening to ongoing monitoring:

• Stock Screener: Search any of 30,000+ stocks by name or ticker. Instant compliance scorecard with Moons rating and pass/fail on each criterion.
• Portfolio Screening: Screen an entire portfolio of stocks in approximately 60 seconds. Identifies non-compliant holdings.
• ETF & Index Screening: Look through ETF holdings to assess aggregate fund-level Shariah compliance — unique feature not offered by all competitors.
• Purification Calculation: Calculates the purification amount (percentage of returns to donate to charity) based on the company's impermissible income ratio.
• Compliance Alerts (Premium): Notifies users when a stock's compliance status changes due to new financial reporting data.
• Watchlist: Save stocks to a watchlist and monitor their compliance status over time.

The Islamicly Moons Rating

The Islamicly Moons rating is one of the app's most distinctive and user-friendly features. Rather than simply presenting a binary pass/fail result, the Moons rating provides a 1–5 scale that indicates not just whether a stock passes Shariah screening but how comfortably it passes.

The Moon rating system is particularly useful for investors who prefer a comfortable margin of safety in their halal screening — focusing on 4–5 Moon stocks reduces the risk of a stock falling out of compliance when its financial data is next updated. It also communicates more information than a binary system, helping investors understand the quality of a stock's compliance rather than just its current status.

Pricing

Islamicly's pricing model is one of its strongest selling points: the core screening functionality is free. The free tier includes access to compliance scorecards for all 30,000+ stocks, the Moons rating, basic portfolio screening, and purification calculations. This is more functionality than many competing apps provide on free tiers.

Islamicly Premium adds: real-time compliance alerts when stocks change status, advanced portfolio analytics and reporting, historical compliance data (to track how a stock's compliance has evolved over time), API access for developers and institutional users, and priority customer support. The premium subscription is priced at a modest monthly or annual rate, with an annual subscription offering a significant discount over monthly billing.

Overall, Islamicly offers exceptional value: the free tier is genuinely comprehensive, and the premium tier adds meaningful functionality at a reasonable price point. It is significantly cheaper than institutional Shariah screening services that charge thousands per year.

App Experience

The Islamicly app is available on iOS and Android, with a complementary web portal. The design is clean and professional, with search functionality prominently placed on the home screen. Stock results load quickly, and the scorecard layout is well-organised, with each compliance criterion presented clearly alongside its pass/fail status and numerical value.

The app's mobile experience receives generally positive reviews on both the App Store and Google Play, with average ratings in the 4.0–4.4 range. Users frequently praise the speed of searches and the clarity of results. Common criticisms include occasional data refresh delays (screening data is updated periodically, not in real time for all stocks) and the desire for direct brokerage integration to streamline the workflow from screening to trading.

Customer Reviews

Islamicly has a strong reputation within the global Muslim investing community, particularly valued for its broad stock coverage and the accessibility of its free tier. It is frequently recommended on Islamic finance forums, Reddit's r/IslamicFinance, and Muslim investing communities on YouTube and social media as the "best free halal stock screener."

Users highlight the app's breadth of global coverage — the ability to screen UK, Australian, European, and Asian stocks in addition to US stocks is a significant advantage for international investors. The Moons rating is praised as an intuitive and practical way to communicate compliance quality. The most consistent piece of negative feedback relates to occasional discrepancies between Islamicly's screening results and those of other apps (like Zoya), reflecting the inherent subjectivity of applying Shariah criteria to complex, diversified companies.

Alternatives

Islamicly operates in a competitive market alongside Zoya and Musaffa, which offer similar core functionality with different emphases:

• Zoya App: Strong community features, integrated zakat calculator, AAOIFI screening, excellent US stock coverage. Premium pricing but comprehensive platform.
• Musaffa: Institutional-grade research depth, compliance alerts, Halal Score system. Best for serious investors who want detailed data analysis.
• IdealRatings: Institutional-grade screening used by major Islamic banks and fund managers. Expensive and not typically available to retail investors directly.

Pros & Cons

Who Is Islamicly For?

Islamicly is best for cost-conscious individual investors who want to screen a broad global universe of stocks for Shariah compliance without paying a subscription fee. It is the best free halal stock screener available and is particularly strong for international investors outside the US who want global stock coverage.

Ideal for: Individual investors building their own halal stock portfolio. Those wanting to check the compliance of existing holdings quickly. International investors needing global stock coverage. Budget-conscious investors who want comprehensive screening without monthly fees.

Less ideal for: Investors wanting community features and social aspects (see Zoya). Those needing institutional-grade research depth (see Musaffa). Investors who want a fully integrated platform with direct portfolio management and brokerage services.