Sanad Research Notes

Clear explainers on market data, financial research, and the source-backed Shariah analysis built into Sanad — so investors can understand both the numbers and the methodology.

July 22, 2026

How Sanad Screens a Stock: The Two-Step AAOIFI Test

Every stock verdict on Sanad comes from the same two-step test — here's exactly how it works.
July 22, 2026

What Is Purification, and Why Does It Exist?

Even a Halal-verdict company can carry a small amount of impure income. Here's what that means for your dividends.
July 22, 2026

Halal, Haram, Questionable — What Sanad's Verdicts Actually Mean

"Questionable" on Sanad actually covers two different situations. Here's how to tell them apart.
July 22, 2026

Why Cryptocurrency Can't Be Screened Like a Stock

Crypto has no balance sheet, so AAOIFI's ratio test simply doesn't apply. Here's what Sanad uses instead.
July 22, 2026

The 30% Debt Threshold: Where It Comes From

Almost no modern company is debt-free. Here's the reasoning behind AAOIFI's materiality threshold, and why it's measured against market cap.
July 22, 2026

Reading a Dividend History Table Like Sanad's

Why Sanad computes trailing dividend per share from real payment records instead of trusting a vendor's summary field.