Sanad shows three verdict badges, but "Questionable" is doing more work than it looks like at first glance.
Halal
The company passes the business-activity screen and clears both financial-ratio thresholds cleanly, with no non-permissible income at all.
Haram
The company is excluded outright by its core business activity — conventional banking, insurance, alcohol, gambling, weapons, or (for US stocks) other conventional-financial or entertainment activity flagged by Halal Terminal's screen. No ratio is even calculated, because none would change the outcome.
Questionable — two different causes
This badge actually covers two distinct situations:
- The company is doubtful: it's close to one of the financial-ratio thresholds — near the 30% debt line or the 5% impure-income line — without clearly failing. Read more on where the 30% threshold comes from.
- The company is otherwise Halal but carries impure income: it clears every threshold, but has some non-zero interest income that needs to be purified from dividends.
Both show the same badge because both require you to look closer before treating the stock as a clean pass — but the underlying reason, and what you need to do about it, is different. Open the detail panel to see which one you're looking at.