Clean by design.Clear by default.
Sharia compliance in Ghars isn't a badge on a page. It's a set of rules applied before anything is bought, re-checked regularly, and written here in plain language.
From a thousand companies, the clean ones remain.
An example of what happens to a set of companies before any of them enters a portfolio. Numbers are for explanation only.
Example figures
- Available companies1,000
- 1 · No prohibited business640
- 2 · Debt and cash ratios pass410
- 3 · Very little impure income380
- 4 · What's left is purified380
What we refuse, and how we measure it.
No interest, anywhere.
Your money is never lent out for interest (riba), and portfolios hold no conventional bonds. Fixed income comes from sukuk and murabaha instead.
Excluded businesses.
Companies whose core business is alcohol, gambling, conventional finance or other prohibited activity are excluded before anything is bought.
Set financial ratios.
Example limits that are commonly used: interest-bearing debt and interest-bearing cash each below about a third of value, and impure income below about 5% of revenue.
Checked again, and again.
Companies change, so every holding is re-checked regularly. If one no longer passes, it's sold within a reasonable time.
Even the smallest impure part is calculated and shown to you.
The app shows a suggested purification amount for you to give away, and estimates the zakat on your portfolio each year. Paying is your decision; we make the sum clear.
Example on a SAR 10,000 portfolio at a 2.5% zakat rate. How zakat is calculated can differ by scholarly opinion; ask someone you trust.
Words you'll see in the app.
- Riba الربا
- Interest charged on a loan. No part of a Ghars portfolio is placed in interest-based dealings.
- Sukuk الصكوك
- Certificates that represent a share in an asset or project; the return comes from that asset, not from interest.
- Murabaha المرابحة
- A sale at cost plus an agreed, known profit. Used for the cash-like part of a portfolio.
- Purification التطهير
- Giving away the small part of income that came from an impure source.
- Zakat الزكاة
- A pillar of Islam. The app estimates the zakat on your portfolio so you can pay it yourself.
- Sharia review الهيئة الشرعية
- Independent scholars who review the screening rules and how they're applied; a summary of their method is published in the app.