Meets the effective methodology using the available approved evidence.
How We Screen
Evidence before a methodology-specific status.
HilalMarkets stores the methodology, version, review date, evidence, qualifications, authority, and status history. Technology supports the workflow; it does not issue a religious ruling.
Current published method
SC Malaysia SAC reference
SC_MALAYSIA_SAC_REFERENCE v2026.03Effective 15 Jul 2026
Versioned record of explicit asset-level wording published by the Securities Commission Malaysia. It is not a universal halal ruling and does not extend to unlisted products or uses.
Authority and evidence
Reviewer group: HilalMarkets authenticated administrators
Governing body: Shariah Advisory Council of the Securities Commission Malaysia
Ask a governance questionScreening process
A reviewable chain, not an unexplained score.
1
Define methodology
Publish scope and evidence requirements.
2
Collect evidence
Record sources and retrieval dates.
3
Apply rules
Preserve outcomes and qualifications.
4
Qualified review
Approve or return the assessment.
5
Watch for drift
Keep later changes auditable.
Status definitions
Labels describe a result under one method and version.
Included with material context the user should review.
Excluded from default monitoring while evidence or review is incomplete.
A material disagreement remains visible rather than averaged away.
Does not meet the stated methodology and version.
Required evidence is not complete enough for a status.
Qualified human governance
Automation supports evidence; people own religious review.
AI and deterministic services may collect, organize, and apply approved rules. Final assessment authority must be disclosed and qualified for the methodology being used.
What every Evidence Passport should preserve
Methodology and immutable version
Review date, sources, and qualifications
Status history and material changes
Visible disagreement
Different methods can reach different conclusions.
HilalMarkets should show each approved methodology separately, with its own evidence and authority. It must not manufacture a universal "halal score."
Important boundary
A screening result is information for research. It is not a fatwa or personal religious, financial, legal, or tax advice.