Frequently Asked Questions

What is a tokenized stock?+

A tokenized stock is a blockchain token that tracks the price of a real listed share — for example, Apple xStock (AAPLx) tracks Apple Inc. (AAPL). Reputable issuers back each token 1:1 with actual shares held at regulated custodians, so the token gives on-chain, 24/7 exposure to the stock without a traditional brokerage account.

Are tokenized stocks halal?+

It depends on two things: the underlying company and the token wrapper. The company must pass business-activity and financial-ratio screens (interest-bearing debt and cash levels measured against AAOIFI-style thresholds), and the wrapper must be fully backed 1:1 with no embedded leverage and clear redemption rights. Each tokenized stock on this page is judged individually, with the full evidence shown in its report.

How does ShariaQuant screen a tokenized stock?+

Our AI screens both layers. First the underlying company: core business activity, exposure to haram industries, interest-bearing debt ratio, cash and securities ratio, and the share of impure income. Then the wrapper itself: who issues it, whether it is backed 1:1 by real shares, whether the backing is verifiable, and what legal claim the holder has. The verdict — Halal, Doubtful, or Haram — ships with a detailed report explaining every check.

Do I need to purify returns from tokenized stocks?+

Often yes, in a small amount. Even Shariah-compliant companies typically earn a small share of impure income such as interest, and many tokenized stocks auto-reinvest dividends into the token's value. Each report estimates the impure share (often under 1%) so you can donate that portion of your gains to charity, without expecting religious reward, to keep your returns pure.