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Answers to practical questions, the fundamentals and contracts, calculation tools and dated directories. Everything is free, with no account, and calculations run in your browser.

Texts are written from the resolutions, standards and fatwas cited, and are reviewed. Verses come from the site’s Qur’an text and hadiths from its database, with their grading.

How we report positions

• Every position is attributed to its author: institution, resolution or fatwa number, date.
• Positions are shown side by side, including when they disagree, and we say where most institutions stand when that is the case.
• We give no verdict of our own: the coloured badge sums up the institution’s position, not Assabile’s.
• When the answer depends on the country (laws, available products, local institutions), we say so.
• For a personal case, nothing replaces a qualified scholar who knows your situation.

• Prohibited the institution prohibits the practice as described.
• Under conditions permitted only if specific conditions are met.
• Permitted the institution accepts it.
• No decision the institution studied the question without settling it, or postponed it.
• Divided views the institution’s texts or members disagree.

Institutions cited

International Islamic Fiqh Academy Organisation of Islamic Cooperation, Jeddah منظمة التعاون الإسلامي، جدة

Set up by the Organisation of Islamic Cooperation after the Mecca summit (1981), based in Jeddah. It brings together scholars and experts from member states; its numbered resolutions (255 published up to 2025) are the most cited reference in Islamic finance: bank interest (10), insurance (9 and 200), murabaha (40-41), financial markets (63), credit cards (108 and 139), tawarruq (179), cryptocurrencies (237).

AAOIFI Accounting and Auditing Organization for Islamic Financial Institutions, Bahrain هيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية، البحرين

Standard-setting body founded in the early 1990s, based in Manama (Bahrain). Its Shariah standards (more than sixty) describe each contract and product — murabaha (standard 8), ijarah (9), musharakah (12), mudarabah (13), sukuk (17), shares and bonds (21), takaful (26) — and are mandatory or recommended in several countries.

Diyanet Presidency of Religious Affairs, Türkiye (High Council of Religious Affairs) رئاسة الشؤون الدينية، تركيا (المجلس الأعلى للشؤون الدينية)

Official Turkish institution founded in 1924. Its High Council of Religious Affairs publishes short, dated decisions and fatwas, with their classical references, on banking, credit, insurance, the stock market, gold and cryptocurrencies.

European Council for Fatwa and Research European Council for Fatwa and Research, Dublin المجلس الأوروبي للإفتاء والبحوث، دبلن

Assembly of scholars founded in 1997, based in Dublin, issuing opinions for Muslims living in Europe and taking into account their minority situation. Its 1999 opinion on buying one’s main home with a loan is among the most debated.

Dar al-Ifta of Egypt House of Fatwa, Cairo دار الإفتاء المصرية، القاهرة

Official Egyptian institution founded in 1895, headed by the Grand Mufti. Together with al-Azhar’s Islamic Research Academy, it holds that pre-set returns on bank deposits are a permissible investment contract: a minority view internationally, widely followed in Egypt.

Permanent Committee Council of Senior Scholars and Permanent Committee for Research and Fatwa, Saudi Arabia هيئة كبار العلماء واللجنة الدائمة للبحوث العلمية والإفتاء، المملكة العربية السعودية

Official Saudi fatwa bodies (1971). Their opinions, and those of members such as Ibn Baz and Ibn ʿUthaymin, are among the most searched in Arabic on riba, insurance, tawarruq and shares.

Al-Azhar Islamic Research Academy Al-Azhar, Cairo الأزهر الشريف، القاهرة

Al-Azhar’s highest scholarly body (1961). In 2002 it ruled that investing funds in banks with a pre-set return is permissible, a view taken up by Dar al-Ifta of Egypt.

Islamic Fiqh Council of Mecca Muslim World League, Mecca رابطة العالم الإسلامي، مكة المكرمة

Assembly of scholars of the Muslim World League (1977). Among other decisions, it prohibited bank-organised tawarruq (2003).

Shariah Committee (Morocco) Shariah Committee for Participative Finance, Higher Council of Ulema اللجنة الشرعية للمالية التشاركية، المجلس العلمي الأعلى

Committee set up within Morocco’s Higher Council of Ulema by the banking law that opened up participative finance (2015). It issues conformity opinions on the contracts and products of participative banks and takaful insurers.

TKBB (Türkiye) Advisory Board of the Participation Banks Association of Türkiye المجلس الاستشاري لاتحاد بنوك المشاركة في تركيا

Central Shariah board of Turkish participation banks (katılım bankaları), issuing common standards for their products.

AMJA Assembly of Muslim Jurists of America مجمع فقهاء الشريعة بأمريكا

Assembly of scholars founded in the early 2000s in the United States, issuing fatwas and conference resolutions for Muslims in North America, notably on housing, education and retirement.

MUI Indonesian Ulema Council, Jakarta مجلس العلماء الإندونيسي، جاكرتا

Body of Muslim scholars in Indonesia, founded in 1975 in Jakarta. Its National Shariah Board (DSN-MUI, set up in 1999) issues the fatwas on which the country’s Islamic banks and insurers rely.

The calculation tools

The tools apply public methods (thresholds of AAOIFI and the Islamic stock indices, standard financing formulas) to the figures you enter or check, and show every step of the calculation. Halal stock screener

What we do not do

• No investment advice: no tool tells you to buy or sell.
• No list of “halal stocks” to buy, no ranking of banks or funds.
• No affiliate links, no sponsored links, no commission: we earn nothing from your choices.
• No fatwas: we report the positions of institutions.
• No collection of your financial data: calculations and the purification log stay in your browser.

Updates and errors

Each page shows its update date; directories are reviewed at least once a year. Spotted a mistake? Write to us