Filterna
Filterna is a web-based platform designed to assist investors in evaluating the Shariah compliance of U.S.-listed companies. By analyzing real-time financial data, Filterna determines whether companies meet Islamic investment guidelines, referencing criteria established by the Shariah Board of Al Rajhi Bank (Decision No. 485) .
Client:
FilternaClient origin
🇰🇼KuwaitService:
Finance & BusinessFeatures
- Real-time financial data integration with a reliable, authorized data provider
- Shariah compliance assessment based on Islamic investment principles
- Purification calculator for handling non-compliant income portions
- User-friendly interface for easy navigation and quick insights
- Educational resources on Islamic investing and purification methodology
Project Challenges
Data Accuracy and Timeliness: Ensuring the financial data is both accurate and updated in real-time required reliable integration with data providers.Complex Compliance Criteria: Translating intricate Shariah compliance rules into algorithmic assessments demanded careful planning and validation.User Trust: Building a platform that users can trust for religious compliance necessitated transparency in methodology and sourcing.
