General Disclaimer
The information provided on Halal Terminal ("the Service"), including but not limited to the website, API, blog, and all associated tools, is for general informational and educational purposes only. Nothing on this Service constitutes, or is intended to constitute:
- Financial advice or investment advice
- A recommendation or solicitation to buy, sell, or hold any security, financial product, or investment
- Tax, legal, or accounting advice
- A religious ruling (fatwa) or Shariah certification
No Investment Advice
Halal Terminal is a data and screening tool provider. We provide automated Shariah compliance screening data based on publicly available financial information and established screening methodologies (AAOIFI, DJIM, FTSE, MSCI, S&P). We are not a registered investment advisor, broker-dealer, or financial planner. We do not provide personalized investment recommendations.
Any mention of specific securities, stocks, ETFs, or financial instruments on this Service is for informational purposes only and does not constitute a recommendation to buy, sell, or hold such securities. Past compliance status does not guarantee future compliance. Past performance does not guarantee future results.
No Shariah Certification or Fatwa
Halal Terminal's screening results are generated through automated algorithmic analysis of financial data against published screening criteria. These results:
- Do not constitute a fatwa or religious ruling
- Do not replace the guidance of a qualified Islamic scholar or Shariah board
- May differ from the rulings of your personal scholar or preferred Shariah authority
- Are based on data that may be delayed, incomplete, or contain errors
We strongly encourage users to consult a qualified Islamic scholar or Shariah advisor for guidance specific to their individual circumstances and religious obligations.
Data Accuracy
While we strive to provide accurate and up-to-date information, Halal Terminal makes no warranties or representations regarding the accuracy, completeness, reliability, or timeliness of any data, screening result, or content made available through the Service. Source data — including public regulatory filings and licensed market-data feeds — may be delayed, restated, or contain omissions and errors.
Users should independently verify all information before making any decisions based on data from this Service.
ETF Look-Through & Holdings Coverage
ETF compliance signals are computed by analysing each fund's most recent publicly disclosed holdings against the same equity-level screening criteria. Because issuer and regulatory filings (N-PORT, semi-annual reports, issuer holdings files) are published on a delay, our results do not capture intra-period rebalances, securities lending positions, or cash-sleeve treatment differences between methodologies.
For this reason, ETF responses report a disposition (scholar_certified, contested, data_quality_flag, unrated) rather than a binary halal/haram verdict. When an attestation from a recognised Shariah board is on file, it is surfaced alongside the holdings-based signal; the two may disagree.
Zakat Calculations
Our zakat calculator provides a simplified estimate at 2.5% of the market value of the stock holdings you supply, using the current spot gold price to compute the nisab threshold. It is intended as a starting point, not a complete personal calculation. In particular, our default calculation does not account for:
- The silver nisab alternative, which is preferred in some madhabs and is typically a lower threshold than gold
- The hawl (lunar-year ownership) requirement
- Business-inventory rules and the distinction between trading and long-term holdings
- Deduction of immediate debts and liabilities from zakatable wealth
- Treatment of retirement accounts, gold jewellery, real estate, and other non-equity assets
Zakat is a personal religious obligation; consult a qualified scholar familiar with your full financial situation before relying on any computed figure.
Purification Calculations
Where a holding generates a portion of its income from non-permissible activities, our purification figure estimates the portion of dividend income that should be donated, by applying the chosen methodology's non-permissible-revenue ratio to the dividends you provide.
Purification amounts should be given as sadaqah without claiming spiritual reward for the donor. Whether capital gains also require purification, and which recipients are eligible to receive purification payments, are matters on which scholars differ — consult a qualified scholar for your situation.
Risk Disclosure
Investing in securities involves risk of loss, including the potential loss of principal. The value of investments can go down as well as up. Different types of investments involve varying degrees of risk. There can be no assurance that any specific investment or investment strategy will be profitable.
Third-Party Content
This Service may contain links to third-party websites, references to third-party products, or content from external sources. These references do not imply endorsement or affiliation. Halal Terminal is not responsible for the accuracy or content of any third-party materials.
Limitation of Liability
To the fullest extent permitted by applicable law, Halal Terminal and its owners, operators, employees, and affiliates shall not be liable for any direct, indirect, incidental, consequential, or special damages arising from or related to your use of this Service, reliance on any information provided, or any investment decisions made based on information obtained through this Service.
Contact
If you have questions about this disclaimer, please contact us at yassir@halalterminal.com.