Salaams y’all,
I couldn’t find what I was looking for on the forum so I created a new topic in regards to the rating of tickers in the app.
What’s the actual process/criteria to rate tickers?
What’s the lead time for rating a ticker?
Why isn’t IAU and SLV rated in the app?
When will all the Bitcoin ETF’s be rated?
I find it valuable to regularly check the shariah compliance in Zoya through the linked accounts feature.
As-salamu Alaykum Omar,
Just to be pedantic, a ticker is a short form code of a security (company, fund, ETF, etc).
The issue with having ratings for funds, such as the ones you listed, and companies is that:
It is easier to collect information on companies
It is harder and often costly to get information on funds.
If a fund is not available on Zoya, it might be best to take a look at the holdings of that fund and individual check the stocks in it on Zoya.
In summary: companies will be easily listed on Zoya but there are logistical problems to be solved for funds and ETFs to be listed.
Jazakhalla khairan,
Maheen
Wasalaams Maheen - I’m confused. Are you employed by Zoya? My questions were directed at the process of rating.
As-salamu Alaykum,
I’ve spoken to Zoya previously with the same question, I just over what they also told me.
insha’Allah is helps.
Jazakhalla khairan,
Maheen