SHARIA COMPLIANCE SCORE

Data-driven
Sharia insight.

Invest with confidence.

The WVB Sharia Compliance Score evaluates listed companies using a transparent methodology rooted in Islamic jurisprudence and verified corporate disclosures.

Global Coverage219+ countries & territories
Verified InformationOfficial reports & filings only
Methodology You Can TrustTransparent, consistent & auditable

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OUR METHODOLOGY

A structured approach based on Islamic principles

Business Activity Screening

Review the company and its subsidiaries to ensure activities are permissible under Islamic principles.

Assess Key Criteria

Evaluate Riba (Interest), Gharar (Uncertainty), Gambling and other prohibited elements.

Financial & Asset Review

Analyse income sources and liquid/illiquid asset composition.

Disclosure Verification

Use official annual reports, interim reports and filings. No rumours, no speculation.

Sharia Compliance Score

Deliver a clear score and rationale to support your investment decisions.

Value for Islamic Finance Professionals

Empowering banks, asset managers, Takaful, funds and researchers with credible Sharia intelligence.

Islamic Banks

Support financing & investment decisions with confidence.

Asset Managers

Build and screen portfolios that align with Sharia requirements.

Takaful Companies

Strengthen governance with independent Sharia assessments.

Researchers

Access a consistent dataset for academic and market research.

FAQ

Frequently Asked Questions

1. What is a Sharia Compliance Score?

A Sharia Compliance Score is an assessment that evaluates whether a company aligns with Islamic investment principles using a structured methodology based on company activities, corporate disclosures and other assessment criteria defined within the WVB methodology.

2. How is a company assessed for Sharia compliance?

The WVB methodology begins by reviewing the company's principal business activities before considering additional factors described within the methodology. The assessment is based on verified corporate information obtained from official company disclosures.

3. What makes a company Sharia compliant?

According to the WVB methodology, a company must first satisfy the business activity screening process before progressing through the remaining stages of assessment. Companies whose principal activities are considered prohibited do not proceed further in the evaluation.

4. Why are subsidiaries included in the assessment?

Many multinational organisations operate through numerous subsidiaries that may undertake different business activities from the parent company. The WVB methodology therefore considers subsidiary activities where information is available to provide a more comprehensive assessment.

5. Why are annual reports important for Sharia screening?

Annual reports and other official corporate disclosures provide verified information regarding business activities, financial statements, investments and corporate structure. WVB relies on these official sources to maintain transparency and consistency.

6. Does the methodology consider Riba and Gharar?

Yes. The WVB methodology includes consideration of principles relating to Riba, Gharar and other factors as part of its structured assessment framework.

7. hy is a transparent methodology important?

Transparency enables investors, Sharia supervisory boards and investment committees to understand the basis of an assessment, review the supporting information and apply their own governance policies with confidence.

8. Why choose the WVB Sharia Compliance Score?

The WVB Sharia Compliance Score combines verified corporate information, a documented research methodology and consistent global screening to support informed Islamic investment decisions. It is designed to provide an objective analytical framework while allowing institutions to apply their own Sharia governance requirements.

Data-drivenSharia insight.