Methodology

Halal Transparency Score

A 0–10 index measuring how much compliance-related information a halal investment provider publicly discloses. This is not a religious ruling — it is a transparency tool.

What the Halal Transparency Score measures

The Halal Transparency Score combines four publicly observable signals into a single number. Each component is scored from 0 to 2.5 points, for a maximum total of 10. The score rewards providers who are transparent about their compliance practices — not providers who are necessarily “more halal” than others.

Important disclaimer

HalalWallet does not issue religious rulings (fatawa). The Halal Transparency Score reflects publicly available disclosures only. Always consult with qualified Islamic scholars or Shariah advisors for guidance specific to your situation.

Scoring components

Screening Standard

Up to 2.5 points

What Shariah screening methodology does the provider use?

Level	Points
AAOIFI standards	2.5
Major index (FTSE, DJIM, S&P Shariah)	2.0
General Shariah-compliant screening	1.5
No methodology disclosed	0

Shariah Oversight

Up to 2.5 points

What type of Shariah governance or certification does the provider publicly disclose?

Level	Points
Formal Shariah board	2.5
Third-party certified	2.0
Named scholar	1.5
No public review found	0.5
Not applicable	0

Fee Transparency

Up to 2.5 points

Are the provider's fees publicly disclosed and easy to find?

Level	Points
Fees clearly published	2.5
Known reputable provider (fees available on website)	1.5
Fee information not readily available	0

Track Record

Up to 2.5 points

How long has the provider been operating and how much user feedback exists?

Level	Points
10+ years and 100+ reviews	2.5
5+ years or 50+ reviews	2.0
2+ years operating	1.5
Less than 2 years	1.0
Unknown or not found	0

Confidence levels

Not all providers have complete data. We report a confidence level alongside the score:

High

All 4 components have data

Medium

2–3 components have data

Low

0–1 components have data

Compare providers by Halal Score Full methodology

Frequently Asked Questions

Is the Halal Transparency Score a religious ruling?

No. The Halal Transparency Score is a transparency index, not a fatwa or religious endorsement. It measures how much compliance-related information a provider publicly discloses. It does not determine whether a product is halal or haram — only qualified Islamic scholars can make that determination.

How often is the score updated?

Scores are recalculated whenever we update our provider database. We review provider disclosures quarterly and update data as new information becomes available.

Can a provider improve their score?

Yes. Providers who publish more compliance-related information — such as their screening methodology, Shariah board composition, fee schedules, and audit reports — will naturally score higher. Providers can contact us to update their information.

Why does a high-scoring provider not guarantee halal compliance?

A high score indicates that a provider is transparent about their compliance practices. Transparency and actual compliance are different things. A provider could disclose everything and still have products that a particular scholar disagrees with. Always verify compliance with your own trusted scholars or advisors.

What does 'confidence' mean in the score breakdown?

Confidence indicates how many of the four scoring components have available data. 'High' confidence means all four components have data. 'Medium' means two or three do. 'Low' means only zero or one component has data. Lower confidence scores should be interpreted with more caution.

Reviewed by: HalalWallet Editorial Team•Last reviewed: 2026-03-06•Disclosure: Featured partners may compensate HalalWallet for clicks. Editorial policy and full disclosures.

Sources and review process

This page is reviewed against HalalWallet editorial standards and source documentation.

Reviewed by: HalalWallet Editorial Team

Last reviewed: 2026-03-06

How to cite this page

Preferred format:

HalalWallet. “Halal Transparency Score — How We Score Halal Investment Providers.” HalalWallet, https://www.halalwallet.us/investing/halal-score. Accessed 2026-03-11.

For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.