Islamicly- Halal Stocks & Gold icon

Islamicly- Halal Stocks & Goldv1.1.3

Released August 25, 2023Major

iOS

What changed

  • New featureIntroduced Shariah Trading functionality within the app.
  • New featureIntegrated with over 32 leading global stock brokers.
  • ComplianceAdded automated compliance monitoring for connected broker holdings.
  • New featureEnabled in-app trading to ensure compliance at the time of execution.
  • UXImplemented single-click linking for existing broker accounts.
  • New featureAdded automated alerts for changes in stock compliance status.
  • ComplianceIntroduced automated purification value calculation for dividends and capital gains.
  • New featureAdded a feature for users to request the addition of new stocks to the app's coverage.

Reception

50/ 100 impact score

Original release notes

Introducing Shariah Trading.

Collaboration with over 32+ leading stock brokers globally ensures access to a wide range of global Muslims.

Once broker connected, all your Holdings will be Automated monitored for compliance changes.

Trade right through the App: Islamicly App is now integrated to support trading functions so that all your trades are compliant at the time of execution.

No Need for a new Broker account: Just log in with your existing broker account and link it with your Islamicly Account (single click process).

Automated Portfolio Compliance Monitoring: Islamicly App providers automated alerts when a stock changes compliance status.

Automated Purification Value Calculation: Islamicly app includes a feature that accurately calculates purification values for your dividends as well as for capital gains (if applicable). This is the most important feature of a Shariah compliant portfolio, where the impure income portion needs to be given to charity. This calculation assists users in determining the purification amount seamlessly

Stock Addition Requests: Users can request the addition of new stocks to the app's coverage if those stocks are not already included in the existing universe.

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