As the title mentions, I sold my PANW stocks after learning that it has acquired two Israeli startups (Talon and Dig Security). I was quite a novice when I bought it in 2021 and it has since generated me a lot of capital gains. What shocked me was that Zoya rates it as sharia-compliant (I just found out abt Zoya, like, yesterday). I also understand Zoya only looks at company balance sheet and not ties with zionism. I don’t know what to feel abt this (esp that since then the stock has split and increased) except to pray that Allah blessed my intentions
Your decision to divest is entirely valid, but it’s distinct from what Shariah compliance is designed to address.
Shariah compliance screening looks strictly at financial metrics such as debt levels, interest exposure, and revenue from prohibited activities, as defined by the AAOIFI standards. These are the globally accepted baseline criteria for Shariah compliance because they can be consistently measured and verified across companies.
We do have a Controversies feature that flags companies with concerning ties or practices, using verified data from organizations like the AFSC and others. However, this is separate from Shariah compliance. A company can technically pass Shariah compliance while also be flagged for controversies.
Example:
