FTSE Shariah Global Equity Index Series (% of total assets). Every figure on this page is what HTR's own engine computed when it applied this standard to the filings it holds — not a description of the standard copied from elsewhere.
Total assets from the balance sheet. Moves only when the company's own figures move, so verdicts are steadier -- and slower to reflect a change in how the market values the business.
The ceilings across all seven standards HTR computes sit between 30% and 33.333% — a three-point spread. The denominators differ far more: a company whose market capitalisation halves has a debt ratio that doubles under a market-cap standard and does not move at all under an asset-based one. That is the single largest reason two honest screeners reach opposite verdicts on the same company.
9,819 issuers carry an unverified result under this standard — the filings HTR holds do not contain what this particular calculation needs.
Unverified is not a failure and is never counted as one. A standard measuring debt against a 36-month average market cap needs three years of market history; one measuring against total assets needs a balance sheet line that some filers report differently. Where the input is missing, the answer is that it is missing.
Real issuers, with this standard's own verdict on them. Each links to the full ratio breakdown, including what every other standard said.
AAPL · ADMA · EXLS · SIBN · TEM · AGYS · QTWO · PANW · YZOFF · ALB · AMBBY · HIMS
GME · PMI · OONEF · MTWO · YMT · ILAG · AXGN · ADDHY · FTAI · REFR · NMTC · MRNA
| Standard | Ceiling | Measured against | Passing |
|---|---|---|---|
| FTSE Shariah (this page) | 33.33% | total assets | 7,856 |
| Usmani | 33.0% | total assets | 7,519 |
| AAOIFI | 30.0% | market cap | 6,691 |
| S&P Shariah | 33.0% | 36-month average market cap | 5,929 |
| MSCI Islamic | 33.33% | total assets | 5,686 |
| Dow Jones Islamic | 33.0% | 24-month average market cap | 5,364 |
| MSCI Islamic M-Series | 33.33% | 36-month average market cap | 5,199 |
Ordered by how many issuers pass, which is not a ranking. No standard here is better than another; they answer the same question with different definitions, and which definition applies to you is a question for your own scholarship, not for a screener.