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.