Halal Finance Academy
Shariah-Compliant Finance · Australia

Halal investing in Australia, with the working shown

Is this ASX stock actually compliant? Is my super? Most tools give you a badge and ask you to trust it. This one shows the AAOIFI ratios, the sourced figures, and the judgment calls behind every answer.

270
ASX stocks screened against AAOIFI's criteria
3
AAOIFI balance-sheet ratios checked, not the one most tools stop at
23%
Computershare's real margin income vs. AAOIFI's 5% ceiling, see how we caught it

Start here: the free course

New to this? A plain-language course in Islamic personal finance for Australia: riba, screening, super, zakat and estate planning, in a sensible order. No prior knowledge assumed, no account needed.

Start learning →

ASX Screener

270 ASX-listed stocks screened against AAOIFI's criteria. 185 run through the full debt, cash and receivables tests, 85 excluded outright on business activity, including names most screeners skip, like Rio Tinto and ResMed's ASX lines, converted from their primary overseas listing rather than left blank.

Screen a stock →

Super Funds

The three dedicated Shariah-compliant super options in Australia, compared on trustee, structure and current membership status, including the fact one of them isn't accepting new members right now.

Compare funds →

Guides

Why AAOIFI, DJIM and MSCI disagree on what counts as halal, and the real findings from building this screener, including a stock that looked clean until we checked its actual income.

Read the guides →

Methodology

The exact criteria, exact thresholds, and primary sources, AAOIFI's own screening paper plus S&P and MSCI's official methodology documents, behind every verdict on this site.

See the methodology →

Zakat Calculator

Cash, gold, ASX shares and other assets, checked against the nisab threshold, with a live cash/receivables lookup for any stock our screener already covers.

Calculate zakat →

Growth Calculator

Project regular contributions forward at your own assumed return rate, pure compound math, not tied to any interest-bearing product.

Project growth →

Home Finance

What MCCA, Hejaz, Meezan and ICFAL actually offer, plus the genuine scholarly debate over whether Western Islamic home finance is compliant in substance, not just form.

See the debate →

Tax Calculator

Work out your real Australian take-home pay, tax and HECS-HELP, so you know what's actually left to invest, save, or owe in zakat.

Calculate take-home pay →

Why this exists

Australia has no shortage of “halal” badges online. What it's short on is anyone showing their working. Global apps cover ASX stocks thinly, if at all, and treat the reasoning as something you unlock behind a paywall. We built this the other way around: every ratio visible, every threshold named, every judgment call explained in plain language, for free.

AAOIFI, in full

Debt, cash, and accounts receivable all checked against market cap. The receivables test in particular is the one most competing screeners skip entirely.

Australia-specific

Built for the ASX and the Australian super system specifically, not a global tool with Australia bolted on as an afterthought.